Greensill was approved by the Treasury to lend cash to companies hit by the pandemic.<div style="page-break-before:always; page-break-after:always">It funnelled &pound;418.5million of government funds to firms through the Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Interruption Loans Scheme.Greensill was the main lender to Liberty Steel, where thousands of jobs hang in the balance amid a shake-up of the troubled company.But supply chain finance firm Greensill, which is the subject of a lobbying scandal involving former Conservative Prime Minister David Cameron, collapsed in March.<div style="page-break-before:always; page-break-after:always">A National Audit Office report today lays bare the Government&rsquo;s exposure if the firm&rsquo;s creditors cannot repay their loans.&ldquo;By October 2020, Greensill had loaned &pound;400m under CLBILS, the maximum it was permitted to lend, and &pound;18.5m under CBILS,&rdquo; said the watchdog.&ldquo;The Government&rsquo;s 80% guarantee means that in the event of Greensill&rsquo;s loans not being repaid by the borrowing companies, taxpayers could lose almost &pound;335m.&rdquo;

Loan Firm May Cost Taxpayers &pound;335m

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DAVINA 'MAKING MEGA PROGRESS'

TV Alison: My big family Christmas

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.