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A second inquiry has been announced into the Greensill scandal threatening to engulf Boris Johnson’s government.

The Commons Treasury committee will investigate the response of ministers, including the chancellor Rishi Sunak, to lobbying by former prime minister David Cameron.

The new probe was announced less than an hour after Conservative MPs voted down Labour’s attempt to force a wider parliamentary inquiry.

An official investigation ordered earlier this week by Boris Johnson has been described by Labour as “wholly inadequate” and “an insult to us all”, amid questions over its independence.

Civil servants have also been told to disclose any outside work they undertake, amid fears the Greensill scandal might be the tip of the iceberg.

It follows the revelation that a senior official was working for Greensill while also working as Whitehall’s head of procurement.

Earlier Mr Johnson’s spokesman said the man chosen by the prime minister to head the independent inquiry into the Greensill affair would not be paid for its duration.

The move followed criticism that top lawyer Nigel Boardman also serves as a a non-executive director of the business department.

No 10 said he would not act as a director while the inquiry was carried out and that he was not being paid “from now onwards”.

Mr Boardman, the son of a former Tory Cabinet minister, had already come under fire after it emerged his law firm previously campaigned against limited curbs to lobbying rules.

Mr Johnson also faced pressure from his anti-corruption champion, who backed calls for a series of reforms on lobbying.

John Penrose, the Conservative MP for Weston-super-Mare, told MPs there were rules designed to disclose who ministers meet.

“(But these) disclosures don’t happen fast enough, they aren’t complete enough, they aren’t mutually comprehensible and machine readable and searchable enough, and as a result it is much too difficult at the moment to link up who ministers have met with, who the lobbyists are working for, with who is donating money to which political party,” he said.

The Treasury committee inquiry will focus look at the “appropriateness” of the Treasury’s response to lobbying in relation to Greensill Capital.

Tory MP Mel Stride, the chair of the committee, said it would set out further details next week. Conservative MPs voted down Labour’s proposal for a wider parliamentary inquiry by 357 votes to 262. Labour’s Rachel Reeves accused Mr Johnson’s party of voting “to cover up cronyism”.

“It’s the return of Tory sleaze: one rule for them, another for everybody else,” she said.

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