FORMER chancellor Nadhim Zahawi has agreed to pay several million pounds in tax following questions over his finances.

Conservative Party chairman Mr Zahawi, who served as chancellor from July 5 to September 6 last year, has been questioned over whether he avoided tax by using an offshore company to hold shares in YouGov, a polling company he co-founded.

His family trust, Balshore Investments, is registered in Gibraltar and holds a stake worth more than £20 million in the company, but he reportedly sold it by the end of 2018.