20 Nov 2021

Greensill: £335m of taxpayers’ cash ‘at increased risk’ due to ‘woefully inadequate’ checks, say MPs

Economics Correspondent

Up to £355 million in taxpayers’ money could be at risk, after a bank failed to properly scrutinise the collapsed lender Greensill Capital, according to MPs.

A report by the Public Accounts Committee says checks made by the British Business Bank, which was authorised to hand out state-backed loans during the pandemic, were “woefully inadequate”.