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Transcripts for BBCNEWS BBC News 20210810 09:26:00

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position. taxpayer funds to bolster their osition. . ,., , taxpayer funds to bolster their osition. . .. , ., position. the taxpayer gave greensill — position. the taxpayer gave greensill capital _ position. the taxpayer gave greensill capital £320 i position. the taxpayer gave i greensill capital £320 million, is there a real risk, do you think, to this money in taxpayer loans? the issue here — this money in taxpayer loans? the issue here is _ this money in taxpayer loans? tie: issue here is that the british business bank, which is part of the government, gave guarantees to greensill capital. greensill capital then lend money to companies in the gfg alliance, which it appears greensill capital knew it would never be able to pay back those loans and in the circumstances, the british taxpayers on the hook to repay the £350 million. the government has said that it has revoked those guarantees and it does not think it should be on the hook and is now subject to a legal dispute between greensill capital and the government. gfg dispute between greensill capital and the government. gfg alliance, as i set a and the government. gfg alliance, as i set a little — and the government. gfg alliance, as i set a little earlier, _ and the government. gfg alliance, as i set a little earlier, was _ i set a little earlier, was responsible for many steel jobs i set a little earlier, was responsible for many steeljobs in this country, is that a risk to those, do you think?- this country, is that a risk to those, do you think? this is the heartbreaking _ those, do you think? this is the heartbreaking part _ those, do you think? this is the heartbreaking part of _ those, do you think? this is the heartbreaking part of this i those, do you think? this is the heartbreaking part of this sorry | heartbreaking part of this sorry saga, to be honest, there are many

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