Bridget Phillipson – 2021 Comments on Regulations for Non-Bank Lenders

The comments made by Bridget Phillipson, the Shadow Chief Secretary to the Treasury, on 20 July 2021.

The Select Committee say the Treasury should have encouraged more formal lines of communication with David Cameron – but it was the Treasury itself that failed to communicate with the British Business Bank about the concerns surrounding Greensill, leading to the firm getting access to £400 million of government-backed loans.

The cronyism, recklessness and sheer waste under this Conservative government has to stop.