A federal government company purchased alter on declaration off an independent investigation into the financing created by Barclays below a state-supported credit program so you can mirror this new bank’s views, the newest Guardian has actually read.

An enthusiastic MP has said that amendments undermined the partnership between ministers and you will civil servants, and you may necessary a query on procedure.

The brand new Company for Team, Invention and Enjoy (BIS) got questioned the latest auditing business RSM Tenon to investigate whether or not a 2006 Barclays financing so you’re able to a family belonging to entrepreneur Jeffrey Morris contravened the latest today defunct brief firms mortgage guarantees system (SFLG). The programme costs new taxpayer nearly ?200m for the settlement for finance companies, which have Barclays saying ?69,471 into Morris loan when the organization defaulted on it in 2009. You’ll find nothing to suggest Barclays behaved badly.

RSM Tenon lead its declaration at the end of stop it. Continue reading →