David Cameron Endorses Lord Green At UKTI In Olympic Investment Speech

Blink And You'll Miss It: Cameron Endorses Lord Green Despite HSBC Scandal

In an otherwise flannelly speech on how David Cameron will use the Olympics to ink-in major deals on overseas investment in the UK, there's a fairly strong endorsement of Lord [Stephen] Green, the trade minister who's under pressure to account for what he knew about HSBC's money laundering and Mexican expeditions.

It's not the first time a senior member of the government has expressed confidence in Green - the Leader of the House of Lords, Lord Strathclyde, did that on Monday. But it's the first time the PM has endorsed the embattled trade minister himself.

Right at the very end of his speech the PM says:

So I mean it when I say, if there are barriers in your way, tell me. If there are things the British government can do to help, write to me. If there’s an opportunity that we’re not seizing, call me.

My office, Stephen and all the team at UKTI will help.

Straight from the horse's mouth.

Lord Green has expressed "regret" about HSBC's misadventures, which included drug king pins, terror groups and rogue states using the bank to launder money at the time he was in charge. But he hasn't accepted responsibility for the failings.

Green was also speaking at the Global Investment Conference in London on Thursday.

Labour say that the minister is virtually unaccountable to Parliament because he never turns up to answer questions in the Lords, and have accused Green of "hiding".

Of course it's now too late for Lord Green to come to Parliament to account for what went on - the Lords rose for summer recess on Wednesday night and doesn't return until the second week in October.

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