Boris Johnson had ‘£800,000 line of credit while at No 10’

Boris Johnson is said to have secured a £800,000 line of credit while Prime Minister, backed by a millionaire relative who wanted to run a quango. Canadian businessman

Sam Blyth agreed to guarantee the huge credit facility for his distant cousin in December 2020 before it was taken out in February 2021, a newspaper report claims. Mr Blyth

was considered, between late 2020 and early 2021 – when the guarantor arrangements were being put into place – for a position as chief executive of the British Council, a

non-departmental public body, the Sunday Times states. One source told the paper Mr Johnson had been close to “going broke”, and the line of credit was said to have been

made available for his living costs, including divorce payments. The Cabinet Office’s propriety and ethics team approved the arrangement in December 2020 after Mr Johnson

asked for the advice of cabinet secretary Simon Case, the report added. The latest revelations come after the Independent revealed a bitter split among warring

Conservatives over whether Mr Johnson should be restored as leader of the party given his history of scandals, and if so how. It was just a few months after the credit arrangement

was made that a row broke out about the lavish refurbishment of the flat above No 11 Downing Street by Mr Johnson and his partner. Mr Case and Cabinet Office officials are

said to have been unaware of Mr Blyth’s application for the quango, having been assured that there were no conflicts of interest. Mr Blyth, reportedly worth $50 million, is

said to be a friend of Mr Johnson’s father, Stanley Johnson with their mothers said to be cousins.