Beautiful Virgin Islands

Thursday, Feb 02, 2023

Zahawi: Millionaire former chancellor in hot water over tax affairs

Zahawi: Millionaire former chancellor in hot water over tax affairs

From child refugee to entrepreneur and Cabinet minister, Mr Zahawi has a compelling backstory
Nadhim Zahawi, the Tory chairman in hot water over his tax affairs, is a multi-millionaire former businessman who had a meteoric rise to political power.

He has a compelling backstory, having made it as an entrepreneur after coming to the UK as a child refugee unable to speak English.

Born in Iraq to a Kurdish family, Mr Zahawi arrived in England as a nine-year-old when his parents fled the regime of Saddam Hussein.


He grew up in Sussex and studied chemical engineering at University College London.

In 2000, Mr Zahawi co-founded the YouGov polling company, staying involved in the running of the successful firm for a decade and becoming very wealthy in the process.

But his financial affairs have been in the spotlight amid claims he avoided tax, using an offshore company registered in Gibraltar to hold shares in YouGov, allegations he denies.

He recently admitted that he paid what HM Revenue & Customs said “was due” after the tax authority “disagreed about the exact allocation” of founder shares in the firm held by his father.

Mr Zahawi is believed to be one of the richest politicians in the House of Commons.

He first entered Parliament in 2010 as the Tory MP for Stratford-upon-Avon, Warwickshire.

He spent nearly eight years on the backbenches, gaining media attention in 2013 for claiming expenses for heating stables for his horses.

Getting his first junior minister role in the Department for Education under Theresa May in 2018, he soon rose up the ranks to become Education Secretary.

But it was when he was promoted to help lead the Government’s Covid-19 vaccine roll-out in 2020 that he rose to prominence.

Mr Zahawi was appointed chancellor by Boris Johnson last summer, hours after Rishi Sunak’s dramatic resignation, and the day before the scandal-plagued then-prime minister was forced to quit.

Questions are swirling as to whether Mr Zahawi negotiated the dispute with HMRC during his two-month stint in the job, when he was in charge of the country’s taxation.

He made a doomed attempt to replace Mr Johnson in the Tory leadership race.

When Liz Truss emerged victorious, she appointed Mr Zahawi Chancellor of the Duchy of Lancaster.

After her premiership imploded, Mr Zahawi initially announced he would be backing Mr Johnson to return as PM, before switching allegiance to Mr Sunak on the same day, after the former leader said he would not be entering the contest.

Mr Sunak is now facing questions over how much he knew about Mr Zahawi’s tax affairs when he brought him into his Cabinet, as minister without portfolio in the Cabinet Office and Conservative party chairman.
Newsletter

Related Articles

Beautiful Virgin Islands
Close
0:00
0:00
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
I have a dream, MLK inspiring speech
Almost 30% of professionals say they've tried ChatGPT at work
Aretha Franklin, Marvis Staples - Oh Happy Day
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
BVI Freedom Song
What is ChatGPT?
Billy Preston - You Can't Beat God Giving (Live)
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Tesla reported record profits and record revenues for 2022
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Hello Dolly
Who’s Threatening Israeli Democracy?
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Federal Reserve Probes Goldman’s Consumer Business
Bob Marley - Get Up Stand Up
China's first population drop in six decades
Yes He Can
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
What A Friend We Have In Jesus
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Unforgettable
Tesla slashes prices globally by as much as 20 percent
Touch The Hem Of His Garment
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
The Lord's Prayer
After Failing To Pay Office Rent, Twitter May Sell User Names
THE GOD MOVEMENT...BEAUTIFUL BVI
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
Siyahamba
FIFA president questioned by prosecutors
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
Britain's Sunak breaks silence and admits using private healthcare
Ramblin' Rose
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Protoje - Who Knows ft. Chronixx
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Pressure - Virgin Islands Nice
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
Phil Wickham - House Of The Lord
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
My God Is Real (Yes, God Is Real)
TikTok CEO Plans to Meet European Union Regulators
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
UK chaos: Hong Kong emigrants duped by false prospectus
Louis Armstrong - When The Saints Go Marching In
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Kanye West Sunday Service - hallelujah, salvation, and glory
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Jonathan Nelson - I Believe (Island Medley
Will Canada ever become a real democracy?
From The Virgin Islands Sqad Up
Hong Kong property brokerages slash payrolls in choppy market
Common, John Legend - Glory
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
I have a dream, MLK inspiring speech
Coinbase to Pay $100 Million in Settlement With New York Regulator
Aretha Franklin, Marvis Staples - Oh Happy Day
×