The former chancellor and current Tory party chairman, Nadhim Zahawi, is facing mounting pressure following revelations that he recently agreed a settlement with HM Revenue & Customs — reported to be an estimated £4.8 million, including a 30 per cent penalty.
But we are still some way from full transparency. Zahawi has thus far declined to confirm he paid such a fine, with his desire to “address some of the confusion about my finances” achieving little of the sort. Extraordinarily, the statement appears to confirm that he was chancellor at the time that HMRC — the department over which he had responsibility — was investigating his personal tax affairs.
