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Ex-chancellor says he ‘probably should have’ been transparent over his £5m tax settlement

FORMER chancellor Nadhim Zahawi issued a mealy mouthed apology today for the tax discrepancies that got him sacked after announcing that he would step down from Parliament.

He said that he was “sorry” and that he should have “probably been more explicit” in a ministerial declaration of his “just shy of £5 million” tax settlement with HMRC two years ago.

Prime Minister Rishi Sunak sacked Mr Zahawi as Tory Party chairman last year after an ethics inquiry found that he had broken the ministerial code several times over his tax affairs.

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