Tulip Siddiq resigns as economic secretary after weeks of pressure

Over alleged Bangladeshi financial links

Eve Maddock-Jones
clock • 1 min read

Tulip Siddiq has resigned as economic secretary to the Treasury, after repeated questions about her financial links to the ousted Bangladeshi government run by her aunt.

In a letter to the prime minister, Siddiq thanked him for the "confidence" he had shown towards her in recent weeks and said she had been grateful for having the chance to "share the full details of my finances and living arrangements, both present and historic". City minister Tulip Siddiq refers herself to government adviser on ministerial standards Siddiq has been under pressure over allegations about properties linked to her aunt Sheikh Hasina, who was deposed as Bangladesh's longest-serving prime minister in August. The now former minister referred herself to the PM's ethics wa...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

HMRC to raise £110m per year by cutting IHT relief on AIM shares
UK

HMRC to raise £110m per year by cutting IHT relief on AIM shares

Makes gifting a more 'attractive' option

Isabel Baxter
clock 22 April 2025 • 2 min read
Tax concerns hit highest levels since 2017 as UK businesses forecast Budget linked price increases
UK

Tax concerns hit highest levels since 2017 as UK businesses forecast Budget linked price increases

Tax a significant concern for 63% of firms

Eve Maddock-Jones
clock 06 January 2025 • 3 min read
Aegon UK and NatWest Cushon pledge investment in British Growth Partnership
UK

Aegon UK and NatWest Cushon pledge investment in British Growth Partnership

Part of pension reforms

Jonathan Stapleton
clock 14 November 2024 • 3 min read
Trustpilot