Select Committee · Public Accounts Committee

NHS supply chain finance

Status: Closed Opened: 20 Oct 2021 Closed: 7 Apr 2022 8 recommendations 24 conclusions 1 report

Prior to its collapse in March 2021, Greensill Capital was involved in the provision of a supply chain finance scheme to more quickly reimburse community pharmacies for dispensing NHS prescriptions. Greensill was also involved in a “payday” scheme that enabled employees of NHS Trusts to access their salaries early. Following evidence from former Prime Minister … Show more

Clear

Reports

1 report
Title HC No. Published Items Response
Thirty-Fifth Report - The pharmacy early payment and salary… HC 745 4 Feb 2022 32 Responded

Recommendations & Conclusions

19 items
2 Recommendation Thirty-Fifth Report - The pharmacy earl… Accepted

Crown Commercial Service (CCS) failed to sufficiently manage and consider conflicts of interest for the...

Crown Commercial Service (CCS) failed to sufficiently manage and consider conflicts of interest for the appointment of contractors. Lex Greensill was appointed as senior adviser to government on supply chain finance in November 2011 and continued to provide advice to government until March 2017. In July 2012 he set up … Read more

Government response AI summary
The Department and CCS have formalized the process for considering conflicts of interest, including updating templates and implementing PPN 04/2021, to ensure actual and perceived conflicts are managed appropriately, with ongoing reviews and contractor declarations.
Read full response →
HM Treasury
3 Recommendation Thirty-Fifth Report - The pharmacy earl… Accepted

Despite previous experience of contractor failures, CCS and the Department did not act on lessons...

Despite previous experience of contractor failures, CCS and the Department did not act on lessons from previous cases. The Department, CCS and NHS Business Services Authority (NHSBSA) assessments of risks did not flag issues with having a single supplier on the Supplier Early Payment Solution framework or that taxpayers’ The … Read more

Government response AI summary
The government agrees to robust financial checks for suppliers bidding for CCS contracts, ongoing risk monitoring, information sharing across the Government Commercial Function, and a tiered approach to contract and supplier classification based on risk.
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HM Treasury
4 Recommendation Thirty-Fifth Report - The pharmacy earl… Accepted

The Department failed to provide adequate oversight to its arm’s length bodies (ALBs) and NHS...

The Department failed to provide adequate oversight to its arm’s length bodies (ALBs) and NHS trusts. Guidance issued by Civil Service Human Resources in December 2020 to accounting officers warned that novel financing arrangements, including salary advance schemes, required caution, and needed departmental accounting officer and HM Treasury approvals. The … Read more

Government response AI summary
The government agrees with the Committee’s recommendation. NHSE&I has a process for disseminating relevant government advice to NHS trusts through their Healthcare Leaders Bulletin, and also has a formal route to system leaders through its Single Point of Contact team for items requiring immediate attention.
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HM Treasury
6 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

The Department’s business case targeted annual savings of £100 million in pharmacy margins through early...

The Department’s business case targeted annual savings of £100 million in pharmacy margins through early payment settlements with drug manufacturers, based on advice supplied by Lex Greensill in his capacity as government adviser. The Department has stated that it is unable to quantify the savings from the early payment scheme … Read more

Government response AI summary
The government agrees with the committee's item and reissued updated guidance (DAO 03/22) in March 2022 to Accounting Officers, reiterating their responsibilities regarding novel and complex financing arrangements.
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HM Treasury
7 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

We asked the Department that given the pharmacy scheme involved an unusual and novel use...

We asked the Department that given the pharmacy scheme involved an unusual and novel use of public money and in relation to the entire episode with Greensill Capital whether HM Treasury’s initial scepticism about the use of supply chain finance in the NHS has been validated. The Department told us … Read more

Government response AI summary
The government agrees with the committee's observation and, in response, HM Treasury reissued updated guidance (DAO 03/22) in March 2022, reiterating accounting officers' responsibilities regarding novel and complex financing arrangements.
Read full response →
HM Treasury
8 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

The Department told us that the original business case had quite a large level of...

The Department told us that the original business case had quite a large level of projected savings—£100 million as quoted by the National Audit Office. We asked how much of that £100 million quoted in the report was actually realised and the Department confirmed that it would have been much … Read more

Government response AI summary
The government agrees with the committee's item and reissued updated guidance (DAO 03/22) in March 2022 to Accounting Officers, reiterating their responsibilities regarding novel and complex financing arrangements.
Read full response →
HM Treasury
9 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

We asked whether any cash analysis was done in 2012 as to whether the proposed...

We asked whether any cash analysis was done in 2012 as to whether the proposed scheme would save any money—it was assumed by the Department that it might. The Department confirmed that there is no accurate basis for estimating the amount of savings that would give a number that that … Read more

Government response AI summary
The government agrees with the committee's item and reissued updated guidance (DAO 03/22) in March 2022 to Accounting Officers, reiterating their responsibilities regarding novel and complex financing arrangements.
Read full response →
HM Treasury
10 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

Following his appointment as a senior adviser in November 2011, Lex Greensill advised the government...

Following his appointment as a senior adviser in November 2011, Lex Greensill advised the government on supply chain finance until March 2017. He also founded Greensill Capital, which was a subcontractor to Taulia as part of its November 2017 bid to provide supply chain finance services to the public sector. … Read more

Government response AI summary
The government agrees with the Committee’s recommendation to formalise the process for considering conflicts of interest and has implemented Procurement Policy Notice (PPN) 04/2021 covering conflicts of interest in awarding contracts. CCS ensures contemporaneous confirmation is sought and captured that teams have considered any perceived …
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HM Treasury
13 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

CCS stated that in terms of procurement regulations, there was no reason to preclude Taulia...

CCS stated that in terms of procurement regulations, there was no reason to preclude Taulia based on Greensill Capital being a subcontractor named in their bid. CCS also told us that based on submissions received from the various bidding companies, its assessment was that there was no conflict in relation … Read more

Government response AI summary
The government agrees with the Committee’s recommendation to formalise the process for considering conflicts of interest and has implemented Procurement Policy Notice (PPN) 04/2021 covering conflicts of interest in awarding contracts. CCS ensures contemporaneous confirmation is sought and captured that teams have considered any perceived …
Read full response →
HM Treasury
14 Recommendation Thirty-Fifth Report - The pharmacy earl… Accepted

CCS knew, before legal correspondence came in from Taulia, that Greensill Capital was listed as...

CCS knew, before legal correspondence came in from Taulia, that Greensill Capital was listed as a financial backer—the guarantor—to the Taulia bid. CCS agreed that if there 11 C&AG’s Report, para 12, Figure 1 12 C&AG’s Report, para 2.21 13 Qq 55–56 14 Qq 57–58 12 The pharmacy early payment … Read more

Government response AI summary
The Department and CCS have formalized the process for considering conflicts of interest, including updating templates and implementing PPN 04/2021, to ensure actual and perceived conflicts are managed appropriately, with ongoing reviews and contractor declarations.
Read full response →
HM Treasury
15 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

Mr Bill Crothers was a former Government Commercial Officer and was a director for both...

Mr Bill Crothers was a former Government Commercial Officer and was a director for both Greensill Capital and its subsidiary Earnd (UK) Limited. We asked whether Mr Crothers was using his contacts within the NHS to promote the work of Greensill Capital. CCS told us that though Mr Crothers was … Read more

Government response AI summary
The government agrees with the Committee’s recommendation to formalise the process for considering conflicts of interest and has implemented Procurement Policy Notice (PPN) 04/2021 covering conflicts of interest in awarding contracts. CCS ensures contemporaneous confirmation is sought and captured that teams have considered any perceived …
Read full response →
HM Treasury
16 Recommendation Thirty-Fifth Report - The pharmacy earl… Accepted

The Government is currently considering the recommendations from Nigel Boardman’s recent review of standards in...

The Government is currently considering the recommendations from Nigel Boardman’s recent review of standards in public life and we expect that the outcome of those considerations would be far reaching and wide enough to address all of these issues relating to conflicts of interest of senior government officials and advisers.17 … Read more

Government response AI summary
The government will formalize the process for considering conflicts of interest. CCS is updating templates to ensure confirmation is sought regarding conflicts of interest, and the DHSC has implemented a clear process, with contract managers and contractors completing conflict of interest declarations.
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HM Treasury
19 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

The combined effect of the introduction of an even earlier reimbursement process for pharmacies and...

The combined effect of the introduction of an even earlier reimbursement process for pharmacies and the failure of Greensill Capital placed the Department in a position 15 Q 59 16 Qq 65–66 17 Supply Chain Finance in Government: Boardman Review 18 C&AG’s Report, para 18 19 C&AG’s Report, paras 2.29–2.30 … Read more

Government response AI summary
The government agrees with the committee's observation and, in response, HM Treasury reissued updated guidance (DAO 03/22) in March 2022, reiterating accounting officers' responsibilities regarding novel and complex financing arrangements.
Read full response →
HM Treasury
21 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

We further questioned CCS if it was normal when dealing with what is, effectively, a...

We further questioned CCS if it was normal when dealing with what is, effectively, a financial product, to end up with only one supplier, with no resilience built in. CCS told us that it does not like putting single suppliers on a framework, but it was its engagement with the … Read more

Government response AI summary
The government agrees with the committee's item and states it already implements robust financial checks, risk monitoring, and a tiering approach for suppliers throughout the contract life to ensure resilience.
Read full response →
HM Treasury
22 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

Over the three-year period of the pharmacy scheme with Taulia and Greensill Capital as subcontractor,...

Over the three-year period of the pharmacy scheme with Taulia and Greensill Capital as subcontractor, a cumulative transaction value of £3.32 billion of pharmacy loans passed through the supply chain finance. Taulia received in the region of £840,000 over the three-year period. We asked CCS whether it felt at any … Read more

Government response AI summary
The government agrees with the committee's item and reissued updated guidance (DAO 03/22) in March 2022 to Accounting Officers, reiterating their responsibilities regarding novel and complex financing arrangements.
Read full response →
HM Treasury
23 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

CCS told us that it had put an information notice out to say that it...

CCS told us that it had put an information notice out to say that it was starting to look at the replacement for supply chain finance but the decision had yet to be formalised internally—though it had gone to the CCS board. CCS agreed that its guidance to the board … Read more

Government response AI summary
The government states that Suppliers bidding for CCS contracts are subject to robust financial checks and regular risk monitoring, including discussions with Taulia to identify an alternative funder and engagement with NHS Business Services Authority.
Read full response →
HM Treasury
24 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

Greensill Capital actively marketed its salary advance scheme, Earnd, to NHS trusts at no cost...

Greensill Capital actively marketed its salary advance scheme, Earnd, to NHS trusts at no cost to employers or employees. Representatives of Greensill Capital often attended NHS group meetings of trust leadership and senior management to pitch the service. Greensill Capital had explained to NHS trusts that providing a free alternative … Read more

Government response AI summary
The government agrees with the implied recommendation to address the perception of NHS endorsement and will update the NHS Identity Guidelines by May 2022 to explicitly state that NHS/DHSC and staff are not permitted to endorse third-party goods or services.
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HM Treasury
25 Recommendation Thirty-Fifth Report - The pharmacy earl… Accepted

Government advised departments not to implement salary advance schemes, but this advice was not cascaded...

Government advised departments not to implement salary advance schemes, but this advice was not cascaded to the Department’s arm’s-length bodies (ALBs). Guidance issued by Civil Service Human Resources in December 2020 to accounting officers reminded them that novel financing arrangements, including salary advance schemes, required caution, and needed departmental accounting … Read more

Government response AI summary
The Department, working with NHSE&I, has adopted a formal process for ensuring that government advice is disseminated to NHS trust leadership for consideration and implementation if relevant through regular updates and the Single Point of Contact team.
Read full response →
HM Treasury
27 Conclusion Thirty-Fifth Report - The pharmacy earl… Accepted

On the basis that there was not a lot of cash to be earned from...

On the basis that there was not a lot of cash to be earned from this scheme by Greensill Capital, we asked what it was that the company was hoping to get out of this line of busines at the time. The National Audit Office has reported that Greensill Capital … Read more

Government response AI summary
The government agrees with the committee's item and has implemented Procurement Policy Notice (PPN) 04/2021 to manage conflicts of interest, with CCS updating procurement processes and DHSC introducing a clear process for declarations throughout the contract lifecycle.
Read full response →
HM Treasury

Oral evidence sessions

1 session
Date Witnesses
15 Nov 2021 Erika Bannerman · NHS Shared Business Services, Michael Brodie · NHS Business Service Authority, Simon Tse · Crown Commercial Service, Sir Chris Wormald · Department of Health and Social Care View ↗

Who gave evidence

4 witnesses
WitnessOrganisationSessions
Erika Bannerman · Managing Director NHS Shared Business Services 1
Michael Brodie · Chief Executive NHS Business Service Authority 1
Simon Tse · Chief Executive Crown Commercial Service 1
Sir Chris Wormald · Permanent Secretary Department of Health and Social Care 1

Correspondence

2 letters
DateDirectionTitle
6 Dec 2021 Correspondence from NHS Business Services Authority relating to NHS Supply Chai…
6 Dec 2021 Correspondence from the Department of Health and Social Care, relating to NHS S…