Latest updates: National Audit Office says ‘no evidence’ issues with Lex Greensill’s role were considered by David Cameron’s government

There is no evidence that ministers or officials considered potential conflicts of interest before handing government contracts to a former No 10 adviser, Whitehall’s independent watchdog has found.

The National Audit Office report has said two projects involving the disgraced financier Lex Greensill’s firm offered no material benefits to the NHS. Greensill Capital ran an early-payment scheme for pharmacies and a salary advance facility for employees of NHS trusts that did not receive the expected uptake.

This report provides further information on the role of Lex Greensill and Greensill Capital in providing government services. It raises yet more questions over the government’s ability to prevent conflicts of interest and the independence of advice it receives.

The consequences once again fall squarely on the taxpayer, with increasing risks to value for money and promised savings vanishing into thin air.

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