Nadhim Zahawi appointed chancellor following Sunak resignation

Scandal-ridden decade

Nadhim Zahawi has been appointed Chancellor of the Exchequer, following Rishi Sunak’s shock resignation last night (5 July).

Sunak acknowledged the inopportune timing of this in his resignation letter, noting both the "economic consequences of the pandemic" and war in Ukraine, among other "serious challenges", but argued that government standards are "worth fighting for". "The public rightly expect government to be conducted properly, competently and seriously," he wrote. "I recognise this may be my last ministerial job, but these standards are worth fighting for and this is why I am resigning." Spring Statement 2022: UK to face biggest fall in living standards since records began Sunak also explained th...