Skip to main content
Former chancellor Zahawi agrees to pay millions in tax following questions over his finances
Minister without Portfolio Nadhim Zahawi arrives in Downing Street, London, ahead of a Cabinet meeting

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.

Donate to the Fighting Fund
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Chancellor of the Exchequer Rachel Reeves makes her keynote
Features / 22 October 2024
22 October 2024
Raising capital gains tax to match income tax is not only economically sound but morally just, potentially raising billions for public services — it’s an absolute no-brainer for any Labour government, argues BERNIE EVANS
Keir Starmer
Britain / 5 June 2024
5 June 2024