UK PM names Zahawi as new finance minister

LONDON - British Prime Minister Boris Johnson late Tuesday named his Iraqi-born education secretary, Nadhim Zahawi, as finance minister after the shock resignation of Rishi Sunak.

Downing Street said Queen Elizabeth II had approved the appointment of Zahawi, who came to Britain as a child with his Kurdish family not speaking any English, before forging a lucrative business career. The 55-year-old co-founded the prominent polling company YouGov and was active in local Conservative politics in London, before becoming an MP in 2010.But like Sunak, his private wealth has drawn adverse attention, including when he claimed parliamentary expenses for heating his horse stables in 2013.

Zahawi refused to comment to reporters as he left a meeting in 10 Downing Street, including on whether he will uphold Sunak's pleas for fiscal discipline against Johnson's free-spending instincts. The prime minister named another loyalist, Michelle Donelan, to take Zahawi's place at the education ministry.

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New UK Finance Minister Zahawi inherits faltering economy, soaring inflation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Britain’s new Finance Minister Nadhim Zahawi takes the reins of an economy struggling under the strain of nearly double-digit inflation and a slowdown that looks set to be more severe than in most of the world’s other big nations.
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