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The Latest Breaking News from Nadhim Zahawi

Sunak defends taking money from deprived urban areas as he faces latest hustings with Liz Truss – as it happened

Candidates face Tory members in Eastbourne; former chancellor, who was filmed saying he tried to divert funds from ‘deprived urban areas’, says it was sensible

The Guardian - UK

Kwasi Kwarteng says 'AWOL' PM 'on top of' economic crisis and argues 'I’m here, in a suit'

Business Secretary Kwasi Kwarteng claimed holidaying Boris Johnson and Chancellor Nadhim Zahawi were 'completely on top of what's happening' after Bank of England issued dire warnings

Daily Mirror

Britain heading for year-long recession - but PM and Chancellor nowhere to be seen

Prime Minister Boris Johnson is reportedly on honeymoon in Slovenia while Chancellor Nadhim Zahawi enjoys a family break while families around the country are worried about how they'll pay their bills

Daily Mirror

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Boris Johnson and Nadhim Zahawi 'missing in action' amid dire recession warning

The Chancellor was said to be “working remotely” from a family break, while the PM and wife Carrie have reportedly jetted off on a delayed honeymoon to Slovenia - as the Bank of England issued a bleak recession warning

Daily Mirror

Boris Johnson and Chancellor Nadhim Zahawi on holiday despite financial gloom

Both men were away from Westminster as the Bank of England raised interest rates again and warned of the longest recession since the financial crisis.

The Independent UK

How soaring inflation is also hitting the Welsh Government

The Welsh Government's request for more UK Government funding is unlikely to be heeded.

Birmingham Post

Liz Truss gains Penny Mordaunt’s backing as she and Rishi Sunak face Tory leadership hustings in Exeter – as it happened

Eliminated leadership candidate endorses foreign secretary as final two answer questions from members

The Guardian - UK

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Rishi Sunak rejects claim he has ‘doomster’ attitude to economy

Former chancellor says he finds his successor’s accusation ‘amusing’ as he vows to cut income tax by 20%

The Guardian - UK

Sunak insists he will bring ‘radicalism’ to No 10 as he battles for Tory votes

Former chancellor Rishi Sunak is battling with Foreign Secretary Liz Truss to become the next prime minister.

The Independent UK

Rishi Sunak accuses colleagues of ‘rose-tinted’ view of Boris Johnson’s last days

The former Chancellor is battling to regain ground on rival Liz Truss as the pair enter a crucial week in the leadership contest

Evening Standard

Truss and Sunak to face off in hustings in crunch week of leadership race

The two candidates vying to replace Boris Johnson must win over the party faithful.

The Independent UK

UK's Zahawi backs Truss as next Conservative Party leader - The Telegraph

British finance minister Nadhim Zahawi formally endorsed Liz Truss to be the next Conservative Party leader, The Telegraph reported on Sunday.

Reuters

Live: Three Ukrainian ports resume work following deal on grain exports

Three Ukrainian Black Sea ports resumed work Wednesday, Ukraine's navy said, following a UN-backed deal aimed at releasing 25 million tonnes of cereals stuck in Ukraine. Russian energy giant Gazprom cut gas deliveries to Europe via the Nord Stream pipeline to about 20 percent of its capacity, German authorities said.…

France 24

Yellen discusses price cap on Russian oil with UK's Zahawi - U.S. Treasury

U.S. Treasury Secretary Janet Yellen highlighted a proposed price cap on Russian oil on a phone call with British Finance Minister Nadhim Zahawi on Tuesday, a move to reduce the impact of the war in Ukraine on global energy prices.

Reuters

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Chronicle Live

North East's levelling up fears as Boris Johnson slammed for 'deciding to go on holiday and play with jets'

Sunderland's council leader said that the region was watching the Tory leadership contest with 'interest and concern', amid worries about the future of the levelling up agenda

The Guardian - UK

You too can be Tory leader! Just follow John Crace’s 16-part plan

Yes, you’ve left it too late to slug it out with Rish! and Liz Truss, but there’ll be another battle for Top Tory soon enough. Here’s how to ace it

Manchester Evening News

The Northern Agenda: The North remembers...

...but do Rishi Sunak and Liz Truss as they bid to be our next Prime Minister?

Chronicle Live

Liz Truss and Rishi Sunak won't 'take their eye off the ball' on levelling up the North, Zahawi says

The Chancellor took a tour of the Greggs factory in Longbenton during a visit to the North East, ahead of the two remaining leadership contenders going head to head in a TV debate

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The Guardian - UK

UK ministers urged to reverse freeze on ‘non-essential’ overseas aid

Labour demands clarification of criteria being used for blocking new payments for aid projects

Manchester Evening News

The Northern Agenda: Flu outbreak killing seabirds in their thousands

'Unprecedented wildlife tragedy' hits islands off Northumberland coast

The Guardian - UK

‘Grubbiest campaign’: how Tory race was defined by smears and dirty tricks

As temperatures rose across the UK, so did the heat among candidates to become the next party leader

The Independent UK

Tory Treasury minister Richard Fuller should be sacked over tax haven second jobs, Labour says

Richard Fuller oversees financial regulation but his employers have links to tax havens

Manchester Evening News

How much items such as milk, eggs, meat fruit have risen in price in the past 12 months

The cost of milk has risen by 26 per cent

Chronicle Live

Inflation rises again to hit highest rate in more than 40 years

The headline rate of inflation has risen to 9.4% in June, with experts saying it will go even higher later this year

The Independent UK

Mounting cost crisis sees inflation soar to fresh 40-year high

The Office for National Statistics said Consumer Prices Index inflation rose to 9.4% in June, up from 9.1% in May.

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