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  • Zahawi fired as Tory chairman
    Former British Chancellor of the Exchequer Nadhim Zahawi was removed as chairman of the Conservative Party over breaching the ministerial code, United Kingdom Prime Minister Rishi Sunak announced. The former chancellor was pressured to resign in recent days after it became known that he...
  • Sunak initiates ethics probe into Zahawi tax case
    British Prime Minister Rishi Sunak has requested his independent ethics adviser look into former British Chancellor of the Exchequer Nadhim Zahawi's tax affairs, BBC reported on Monday. According to the reports, the prime minister is quoted as saying "clearly in this [Zahawi's] case there are...
  • UK's Zahawi says tax blunder 'careless, not deliberate'
    Former British Chancellor of the Exchequer Nadhim Zahawi issued a statement on Saturday to respond to inquiries about his finances after it was reported that he paid HM Revenue and Customs to end a tax dispute, according to the Guardian. The Tory party chairman said the HMRC concluded in...
  • Raab named deputy UK PM, Cleverly, Wallace keep posts
    Downing Street announced on Tuesday that Dominic Raab (pictured left) will serve in United Kingdom Prime Minister Rishi Sunak's (pictured center) government as deputy prime minister, lord chancellor, and secretary of state for justice. James Cleverly will remain in the cabinet as secretary of...
  • UK's Zahawi: Nobody should have energy cut off
    British Chancellor of the Exchequer Nadhim Zahawi stated on Thursday that the government will introduce a package worth at least £37 billion to help households and businesses deal with the energy crisis that is expected to affect them gravely during the forthcoming winter "no one should be cut off...
  • Yellen warns of global price spike if no Russian price cap
    United States Treasury Secretary Janet Yellen warned on Wednesday that the world could face a surge in energy prices in case no price cap on Russian energy is introduced. "Without a price cap we face the threat of a global price spike if the majority of Russian oil production is shuttered," Yellen said...
  • Economy measures ready for next PM - Zahawi
    British Chancellor of the Exchequer Nadim Zahawi said on Friday that the Treasury is preparing a number of "options" the next prime minister can implement in order to ease the cost of living crisis. Following Boris Johnson's resignation, the new leader will be announced on September 5....
  • Zahawi : Public sector will not increase inflation
    United Kingdom Finance Minister Nadhim Zahawi stated Tuesday that Britain's most significant public-sector pay increases in nearly 20 will not increase inflation. The minister also added that fighting inflation is a "moral imperative." "We are finding a careful balance, providing the highest uplift in nearly...
  • UK chancellor promises to take control of inflation
    British Chancellor of the Exchequer Nadhim Zahawi will use his Mansion House speech on Tuesday to underscore the need for Downing Street to focus on taming inflation, according to experts from the speech, reported by several British news outlets. The official, who took the post earlier this month,...
  • Hunt, Zahawi out of UK PM race, Sunak closest to win
    Former Chancellor of the Exchequer Rishi Sunak (pictured) has won the first round of the Conservative Party leadership race, while Nadhim Zahawi and Jeremy Hunt have been eliminated, 1922 Committee Chairman Graham Brady announced Wednesday. Rishi Sunak won 88 votes, followed by Penny...
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