Bodies purchased change so you can overview of Barclays entry to financing program

Bodies purchased change so you can overview of Barclays entry to financing program

A national institution purchased change into declaration off a different analysis with the that loan created by Barclays below a state-recognized lending program so you can echo this new bank’s feedback, the Guardian keeps discovered.

An MP states one amendments undermined the relationship ranging from ministers and you may municipal servants, and required an inquiry to the processes.

The fresh Agency to own Organization, Advancement and you can Enjoy (BIS) had expected the newest auditing enterprise RSM Tenon to investigate whether a beneficial 2006 Barclays loan to a company belonging to entrepreneur Jeffrey Morris contravened new today defunct small organizations financing claims strategy (SFLG). The latest programme pricing the latest taxpayer almost ?200m during the compensation getting finance companies, which have Barclays saying ?69,471 towards Morris loan in the event that organization defaulted inside it during 2009. You’ll find nothing to suggest Barclays behaved defectively.

RSM Tenon put its declaration at the end of stop they. The fresh new Guardian has discovered that within three hours away from acquiring Barclays’ response to its statement, BIS advised RSM Tenon to «comment and you will amend the new are accountable to reflect it impulse».

Read moreBodies purchased change so you can overview of Barclays entry to financing program