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David Cameron is reported to have made more than ￡7m from his advisory role at Greensill Capital before it collapsed, piling more pressure on the government over the lobbying scandal.
The former prime minister used his influence to ask the government whether it would invest in Greensill, leading to a series of inquiries into his conduct after the company went into administration.
Emails seen by BBC Panorama allegedly show exchanges between the bank and Mr Cameron which detail the value of his shares. It is thought he made roughly $10m (￡7.2m) for his 30 months of work at the company.
The former Tory leader’s spokesperson denied that he had earned “anything like” that figure, adding that he “deeply regrets” Greensill’s collapse.
Elsewhere, Boris Johnson’s team have downplayed rumours of a rift between him and the chancellor Rishi Sunak.
Over the weekend, it was reported that Boris Johnson was thinking of demoting Mr Sunak to health secretary in a cabinet reshuffle.
The prime minister’s spokesperson quelled such speculation on Tuesday, saying the pair had worked “in lockstep” throughout the pandemic and stressing there are no plans for a reshuffle.
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Key Points Cameron ‘made $10m’ from Greensill Capital No 10 quells speculation about rift between PM and Sunak
Show latest update 1628586018 Labour hits out at education secretary’s remarks
Labour has criticised education secretary Gavin Williamson for suggesting universities should not charge full tuition fees unless they return to face-to-face teaching.
Peter Kyle, the shadow schools minister, blamed the lack of in-person teaching on Mr Williamson himself.
The Labour frontbencher said: “The reason there hasn’t been much face-to-face teaching is because Gavin Williamson has been preventing it for the last period.
“Just bear in mind that I had vice chancellors calling me saying pubs were open, restaurants were open, people were allowed to gather outside, but universities were prevented from government policy, from Gavin Williamson, from having seminars inside again.”
Rory Sullivan 10 August 2021 10:00
1628584578 Universities should not charge full fees if they fail to meet student expectations, Williamson says
Today is A-level results day.
During his news round this morning, education minister Gavin Williamson told Sky News that the government expects in-person teaching to resume at university during the next academic year.
“If universities are not delivering what students expect then actually they shouldn’t be charging the full fees,” he added.
Williamson says universities shouldn’t charge full tuition fees if they fail to deliver what students ‘expect’ ‘We do expect all universities to be moving back to a situation of actually delivering lessons, lectures face-to-face,’ education secretary says
Rory Sullivan 10 August 2021 09:36
1628583495 Inside Politics
As part of our daily politics round-up, Matt Mathers takes a look at the latest Cameron/Greensill developments and the UN’s climate report:
Inside Politics: ‘Code red for humanity’ on climate and Cameron made ‘￡7 million’ from Greensill Time running out for action to stop global warming and Cameron says his remuneration is a private matter, writes Matt Mathers
Rory Sullivan 10 August 2021 09:18
1628582418 No 10 quells speculation about rift between PM and Sunak
The prime minister has tried to quell rumours that a rift has developed between him and Rishi Sunak.
Over the weekend, there was speculation that the chancellor would be demoted in a cabinet reshuffle.
This comes after reports Boris Johnson went “tonto” when a letter from the chancellor calling for travel restrictions to be eased was leaked to the press.
A No 10 spokesperson said the pair had worked closely together during the pandemic and would continue to do so.
“They have been in lockstep throughout this incredibly challenging period for the country,” they said.
Rory Sullivan 10 August 2021 09:00
1628581342 Cameron ‘made $10m’ from Greensill Capital
David Cameron is reported to have earned more than ￡7m ($10m) from Greensill Capital, before the bank collapsed.
Using his political connections, he lobbied the government to invest in the firm, leading to inquiries into his conduct.
Here’s Jon Stone with more details:
David Cameron made $10m from Greensill Capital before bank’s collapse Labour blasts former prime minister’s earnings as ‘utterly ludicrous’ and says rules need to change
Rory Sullivan 10 August 2021 08:42
1628581134
Good morning, and welcome to The Independent’s live UK politics coverage.
Rory Sullivan 10 August 2021 08:38