Conservative Party chairman Nadhim Zahawi has been sacked by Prime Minister Rishi Sunak after an ethics inquiry into the handling of his tax affairs found a “serious breach” of the Ministerial Code. In a letter to Zahawi, Sunak said that, following the investigation, “it is clear that there has been a serious breach of the…
UK Tory Chairman Nadhim Zahawi Sacked Over ‘Serious Breach’ of Ministerial Code
HMRC Admits Mistakes Amid Tory Chair Nadhim Zahawi’s Tax Row
HM Revenue and Customs (HMRC) on Saturday admitted to “administrative errors” as a report said the tax office last year stated no government minister was under investigation when Nadhim Zahawi was. It comes as Prime Minister Rishi Sunak resisted pressure to sack Zahawi, who is now the Conservative Party chairman, from his Cabinet. According to…
UK PM Sunak Refuses to Sack Tory Chairman Zahawi as Probe Into Tax Row Continues
UK Prime Minister Rishi Sunak has rejected calls for Conservative Party chairman Nadhim Zahawi to be removed from his post as the ethics investigation into his tax affairs continues. Sunak ordered the investigation on Jan. 23 following calls from opposition parties for Zahawi to quit after he paid a penalty to HM Revenue and Customs…
UK PM Sunak Orders Investigation Into Tory Chair Nadhim Zahawi’s Tax Row
UK Prime Minister Rishi Sunak has ordered an investigation into Conservative Party Chairman Nadhim Zahawi, who is facing growing calls for him to quit after paying a penalty to resolve a multi-million-pound tax dispute. Zahawi, who attends Sunak’s Cabinet, has been under pressure since UK media alleged he had avoided tax by using Balshore Investments,…
UK Conservative Party Chairman Zahawi Says Tax Error ‘Careless and Not Deliberate’
UK Conservative Party chairman Nadhim Zahawi has admitted he had paid a penalty for a tax error, but has insisted that it was “careless and not deliberate.” The former chancellor, who attends Rishi Sunak’s Cabinet, has been under pressure since the Sun on Sunday revealed the tax dispute. He allegedly avoided tax by using Balshore…
Labour Calls for UK Conservative Party Chairman Zahawi to Be Sacked Over Tax Claims
The British Labour Party has called on the prime minister to sack Tory Party chairman Nadhim Zahawi after he reportedly paid millions to settle a dispute over his tax. The former chancellor, who attends Rishi Sunak’s Cabinet, has been under pressure since the Sun on Sunday revealed the tax dispute. He allegedly avoided tax by…
UK Cabinet Ministers Urge Conservative MPs to Rally Behind Prime Minister Liz Truss
Four Cabinet members have penned newspaper articles urging Conservative MPs to end infighting and back Prime Minister Liz Truss. Home Secretary Suella Braverman, Chancellor of the Duchy of Lancaster Nadhim Zahawi, Commons Leader Penny Mordaunt, and Environment Secretary Ranil Jayawardena warned colleagues on Sunday that the Tory party would risk ending up in opposition if…
UK Chancellor Zahawi Visits US to Seek Joint Solution to Cost-of-Living Crisis
August 30, 2022
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Boris JohnsonBusiness & Marketscost of livingeconomyenergyenergy pricesinflationliz trussNadhim Zahawi.Rishi SunakUKUSUS NewsWorld
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The UK’s Chancellor of the Exchequer Nadhim Zahawi is visiting the United States this week to seek joint solutions to the cost-of-living crisis with U.S. government officials and financial executives. During his trip to New York and Washington, Zahawi will push for cooperation on energy security, financial services, and tackling spiralling prices and slower growth,…
Energy Prices for British Households Will Rise by 80 Percent by October: Regulator
August 27, 2022
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Boris JohnsonBusiness & Marketseconomyenergyenergy pricesEuropeinflationliz trussNadhim Zahawi.OfgemRishi SunakRussia-Ukraine WarUKWorld
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British households will face an 80 percent rise in energy prices by October, the UK energy regulator Ofgem has warned. Ofgem announced on Aug. 26 that the energy price cap for around 24 million households in England, Scotland, and Wales will rise by 80.06 percent on Oct. 1, sending the average household’s yearly bill from…
British Gas Pledges to Donate 10 Percent of Profit to Struggling Customers
August 25, 2022
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Boris JohnsonBritish GasBusiness & MarketsCompanieseconomyenergyenergy pricesgas pricesinflationliz trussNadhim Zahawi.Rishi SunakUKWorld
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British Gas has pledged to donate 10 percent of its profits to help people struggling with rising energy bills. The firm said it will contribute the money to the British Gas Energy Support Fund for the duration of the energy crisis, backdated to the start of 2022, to “help the most financially vulnerable customers.” British…
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