Mr Cameron had high hopes of launching £750m UK-China investment fund
It would capitalise on Beijing s ever increasing economic might
But four years after first being mentioned the scheme has been put on ice
Relations between London and Beijing have cooled over Hong Kong and Huawei Cameron spokesman told the FT: The UK-China fund has yet to be established.
26 Apr 2021
Former Prime Minister David Cameron reportedly lobbied then-Chancellor of the Exchequer Philip Hammond in 2017 to secure government approval for a $1 billion Chinese investment deal.
Mr Cameron who has recently been embroiled in a lobbying scandal involving government contracts secured during the Chinese coronavirus crisis for Greensill Capital has been revealed to have allegedly used his government connections to gain approval for an investment pact with Chinese partners.
In 2017, Cameron held a meeting with Chancellor Hammond to discuss the formation of the $1 billion (£718 million) UK-China Fund, of which the former Tory prime minister was set to become the vice-chairman, according to correspondence obtained by
Emails sent by David Cameron lobbying on behalf of Greensill Capital were revealed for the first time today.
At the height of the pandemic in April last year, the former PM sent a message to Matthew Gould, head of NHSX, the health service s digital arm.
Mr Cameron urged Mr Gould, who worked for him in government, to consider using Greensill s services, describing it as the UK s leading fintech firm , according to the Sunday Times. The lender fell into administration last month.
He said it was one of the businesses I now work with and pointed out its Earnd app was being piloted in several NHS trusts.
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