The publicly funded national broadcaster has been under political pressure after it was revealed that Richard Sharp helped arrange the line of credit weeks before he was appointed to the BBC post on the government’s recommendation
The report found Sharp did not reveal his role in the loan guarantee to the BBC appointments panel before he was appointed chairman in early 2021.
Sharp said he would remain in his BBC role until the end of June while the search for a successor takes place. He said he made an “inadvertent” breach of the disclosure rules and was quitting to “prioritize the interests of the BBC.” Johnson himself was forced to quit last year after a series of scandals over money, ethics and judgment became too much for his Conservative Party colleagues to bear.
Sharp’s resignation spares the current prime minister, Rishi Sunak, from having to decide whether to fire him. Sunak, a former banker who once worked under Sharp at Goldman Sachs, has tried to restore stability to government after three tumultuous years under Johnson and seven roller-coaster weeks under successor Liz Truss, who quit in September after her tax-slashing economic plans caused financial mayhem.
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