• Nadhim Zahawi has been appointed Chancellor of the Exchequer by British Prime Minister Boris Johnson, replacing Rishi Sunak. AFP
    Nadhim Zahawi has been appointed Chancellor of the Exchequer by British Prime Minister Boris Johnson, replacing Rishi Sunak. AFP
  • Mr Zahawi, 55, inherits an economy that is heading for a sharp slowdown or even a recession, and will face immediate pressure to do more to help struggling taxpayers. PA
    Mr Zahawi, 55, inherits an economy that is heading for a sharp slowdown or even a recession, and will face immediate pressure to do more to help struggling taxpayers. PA
  • Mr Zahawi was previously education secretary and was replaced by Michelle Donelan. PA
    Mr Zahawi was previously education secretary and was replaced by Michelle Donelan. PA
  • Mr Zahawi with Portugal's President Marcelo Rebelo de Sousa during a visit to Imperial College London in June. PA
    Mr Zahawi with Portugal's President Marcelo Rebelo de Sousa during a visit to Imperial College London in June. PA
  • Mr Zahawi answers questions from pupils during a visit to Manor Park Primary School in Sutton in May. PA
    Mr Zahawi answers questions from pupils during a visit to Manor Park Primary School in Sutton in May. PA
  • Mr Zahawi makes a statement in the House of Commons in March. PA
    Mr Zahawi makes a statement in the House of Commons in March. PA
  • Mr Zahawi attends the Cop26 summit in Glasgow, Scotland, in November. Getty Images
    Mr Zahawi attends the Cop26 summit in Glasgow, Scotland, in November. Getty Images
  • Mr Zahawi holds a media briefing on the coronavirus pandemic at Downing Street in June 2021. Mr Zahawi was appointed minister in charge of the Covid-19 vaccine rollouts in 2020. Getty Images
    Mr Zahawi holds a media briefing on the coronavirus pandemic at Downing Street in June 2021. Mr Zahawi was appointed minister in charge of the Covid-19 vaccine rollouts in 2020. Getty Images
  • Conservative London mayor candidate Shaun Bailey and Mr Zahawi on the final day of local election campaigning in May 2021. Getty Images
    Conservative London mayor candidate Shaun Bailey and Mr Zahawi on the final day of local election campaigning in May 2021. Getty Images
  • Mr Zahawi visits the Cullimore independent community chemist in Edgware in January last year after it became the first pharmacy in London to offer the Covid-19 vaccination. Getty Images
    Mr Zahawi visits the Cullimore independent community chemist in Edgware in January last year after it became the first pharmacy in London to offer the Covid-19 vaccination. Getty Images
  • Mr Zahawi stands next to Carrie Symonds at the 2019 Conservative Party conference in Manchester. Getty Images
    Mr Zahawi stands next to Carrie Symonds at the 2019 Conservative Party conference in Manchester. Getty Images
  • Former prime minister David Cameron and Mr Zahawi at the Conservative Party conference in Birmingham in 2010. Getty Images
    Former prime minister David Cameron and Mr Zahawi at the Conservative Party conference in Birmingham in 2010. Getty Images

Nadhim Zahawi promises to tackle inflation and deliver tax cuts for UK


Paul Carey
  • English
  • Arabic

The UK’s new Chancellor of the Exchequer, Nadhim Zahawi, promised to deliver tax cuts and tackle rising inflation as he gets to grips with his new role in control of the nation's economy.

Mr Zahawi, who was appointed by Boris Johnson after Rishi Sunak resigned on Tuesday evening, said in his first interview: “You don’t go into this job for an easy life.”

Mr Johnson is grappling with his own MPs to remain as prime minister, and turned to Iraq-born Mr Zahawi to shore up his Cabinet.

There had been suggestions Mr Zahawi had also threatened to resign if he did not get the key job, but he denied this on Sky News. When asked if he would stand for leader if the job became available, he sidestepped the question, saying there was no vacancy.

“I didn’t threaten to resign,” he insisted. “This is a team game. You play for the team and deliver for the nation.”. He pointed to his success as vaccines minister and progress running education.

He defended Mr Johnson’s integrity, saying he was right to apologise for appointing Chris Pincher, the MP accused of sexual assault who has brought the latest sleaze scandal to Downing Street.

“We make decisions at warp speed and don’t get them all right,” said Mr Zahawi.

_______________________________

Boris Johnson's controversial career - in pictures

  • Boris Johnson has had an eventful time during his life in politics and journalism. Here, 'The National' looks back at his life in pictures. Getty Images
    Boris Johnson has had an eventful time during his life in politics and journalism. Here, 'The National' looks back at his life in pictures. Getty Images
  • Mr Johnson attends the coronation ceremony of Britain's King Charles III at Westminster Abbey in May. Getty Images
    Mr Johnson attends the coronation ceremony of Britain's King Charles III at Westminster Abbey in May. Getty Images
  • Mr Johnson leaves his home to attend a televised evidence session in March in front of the Commons Privileges Committee. Getty Images
    Mr Johnson leaves his home to attend a televised evidence session in March in front of the Commons Privileges Committee. Getty Images
  • Mr Johnson listening to Ukrainian President Volodymyr Zelenskyy address parliamentarians in Westminster Hall in February. Getty Images
    Mr Johnson listening to Ukrainian President Volodymyr Zelenskyy address parliamentarians in Westminster Hall in February. Getty Images
  • Mr Johnson and Carrie Johnson arrive at Westminster Abbey for the state funeral of Queen Elizabeth II in September 2022. Getty Images
    Mr Johnson and Carrie Johnson arrive at Westminster Abbey for the state funeral of Queen Elizabeth II in September 2022. Getty Images
  • Mr Johnson he announces his resignation as prime minister outside 10 Downing Street in July 2022. Getty Images
    Mr Johnson he announces his resignation as prime minister outside 10 Downing Street in July 2022. Getty Images
  • Mr Johnson at a press conference in response to the publication of the Sue Gray report into Partygate at Downing Street in May 2022. Getty Images
    Mr Johnson at a press conference in response to the publication of the Sue Gray report into Partygate at Downing Street in May 2022. Getty Images
  • Mr Johnson reads the long-awaited report by senior civil servant Sue Gray into the Downing Street party scandal, in his Downing Street office in May 2022. Photo: Downing Street
    Mr Johnson reads the long-awaited report by senior civil servant Sue Gray into the Downing Street party scandal, in his Downing Street office in May 2022. Photo: Downing Street
  • Mr Johnson and Ukrainian President Volodymyr Zelenskyy in central Kyiv in April 2022. The British prime minister paid an unannounced visit to Kyiv in a show of solidarity with Ukraine. AFP
    Mr Johnson and Ukrainian President Volodymyr Zelenskyy in central Kyiv in April 2022. The British prime minister paid an unannounced visit to Kyiv in a show of solidarity with Ukraine. AFP
  • Mr Johnson watches an early morning police raid on a home in Liverpool as part of an operation to thwart drug dealing, in December, 2021. Getty Images
    Mr Johnson watches an early morning police raid on a home in Liverpool as part of an operation to thwart drug dealing, in December, 2021. Getty Images
  • The prime minister battles with his umbrella while with Prince Charles at The National Memorial Arboretum in July 2021, in Stafford, England. Getty Images
    The prime minister battles with his umbrella while with Prince Charles at The National Memorial Arboretum in July 2021, in Stafford, England. Getty Images
  • Mr Johnson and his wife before the Uefa European Championship final between Italy and England at Wembley Stadium, London, in July last year. Getty Images
    Mr Johnson and his wife before the Uefa European Championship final between Italy and England at Wembley Stadium, London, in July last year. Getty Images
  • The British prime minister with US President Joe Biden, European Council President Charles Michel, former Japanese prime minister Yoshihide Suga and Italian Prime Minister Mario Draghi during the G7 Summit in Cornwall, in June 2021. Getty Images
    The British prime minister with US President Joe Biden, European Council President Charles Michel, former Japanese prime minister Yoshihide Suga and Italian Prime Minister Mario Draghi during the G7 Summit in Cornwall, in June 2021. Getty Images
  • Mr Johnson with his wife Carrie in the garden of 10 Downing Street after their wedding at Westminster Cathedral, in May last year. Getty Images
    Mr Johnson with his wife Carrie in the garden of 10 Downing Street after their wedding at Westminster Cathedral, in May last year. Getty Images
  • Boris Johnson visits Hartlepool after Conservative Party candidate Jill Mortimer won a parliamentary by-election in May, 2021. Getty Images
    Boris Johnson visits Hartlepool after Conservative Party candidate Jill Mortimer won a parliamentary by-election in May, 2021. Getty Images
  • The prime minister after receiving the first dose of the AstraZeneca vaccine at St Thomas' Hospital in London in March, 2021. Getty Images
    The prime minister after receiving the first dose of the AstraZeneca vaccine at St Thomas' Hospital in London in March, 2021. Getty Images
  • Boris Johnson after signing a Brexit trade deal with the EU in December 2020. Getty Images
    Boris Johnson after signing a Brexit trade deal with the EU in December 2020. Getty Images
  • Mr Johnson examines a vial of the AstraZeneca Covid-19 candidate vaccine, at a pharmaceutical manufacturing facility in Wrexham, Wales, in November 2020. Getty
    Mr Johnson examines a vial of the AstraZeneca Covid-19 candidate vaccine, at a pharmaceutical manufacturing facility in Wrexham, Wales, in November 2020. Getty
  • Mr Johnson demonstrating the two-metre distancing rule during his visit to St Joseph's Catholic Primary School in Upminster, East London, in August 2020. PA
    Mr Johnson demonstrating the two-metre distancing rule during his visit to St Joseph's Catholic Primary School in Upminster, East London, in August 2020. PA
  • In this photo, published alongside the Sue Gray report into the Partygate affair, Mr Johnson is seen at a gathering in the Cabinet Room in 10 Downing Street on his birthday in June, 2020. Getty Images
    In this photo, published alongside the Sue Gray report into the Partygate affair, Mr Johnson is seen at a gathering in the Cabinet Room in 10 Downing Street on his birthday in June, 2020. Getty Images
  • Mr Johnson and former chancellor Rishi Sunak use hand sanitiser during a visit to the Pizza Pilgrims restaurant in June 2020, in east London, to see how they are getting their business ready to reopen as coronavirus lockdown restrictions were lifted in England. PA
    Mr Johnson and former chancellor Rishi Sunak use hand sanitiser during a visit to the Pizza Pilgrims restaurant in June 2020, in east London, to see how they are getting their business ready to reopen as coronavirus lockdown restrictions were lifted in England. PA
  • Mr Johnson and his fiancee Carrie Symonds applaud key workers outside 10 Downing Street in May 2020, during the coronavirus pandemic. Getty Images
    Mr Johnson and his fiancee Carrie Symonds applaud key workers outside 10 Downing Street in May 2020, during the coronavirus pandemic. Getty Images
  • Mr Johnson in the Cabinet Room observing a minute's silence in April 2020 in a tribute to the health staff and key workers who died during the coronavirus outbreak. PA
    Mr Johnson in the Cabinet Room observing a minute's silence in April 2020 in a tribute to the health staff and key workers who died during the coronavirus outbreak. PA
  • Boris Johnson appears on monitors for a meeting in March 2020. The prime minister chaired morning meetings on the coronavirus remotely from Number 11 Downing Street, while self-isolating after testing positive for the virus. Reuters
    Boris Johnson appears on monitors for a meeting in March 2020. The prime minister chaired morning meetings on the coronavirus remotely from Number 11 Downing Street, while self-isolating after testing positive for the virus. Reuters
  • Members of a family listen as BMr ris Johnson makes a televised address to the nation from 10 Downing Street in March 2020, where he outlined the latest instructions to stay at home to help contain the Covid-19 outbreak. AFP
    Members of a family listen as BMr ris Johnson makes a televised address to the nation from 10 Downing Street in March 2020, where he outlined the latest instructions to stay at home to help contain the Covid-19 outbreak. AFP
  • Mr Johnson speaks to British troops stationed in Estonia during a one-day visit to the Baltic country in December 2019. Getty Images
    Mr Johnson speaks to British troops stationed in Estonia during a one-day visit to the Baltic country in December 2019. Getty Images
  • Mr Johnson and Carrie Symonds enter Downing Street as the Conservatives celebrate a sweeping election victory in December 2019. Getty
    Mr Johnson and Carrie Symonds enter Downing Street as the Conservatives celebrate a sweeping election victory in December 2019. Getty
  • Boris Johnson is greeted by staff at 10 Downing Street after meeting Queen Elizabeth II and accepting her invitation to form a new government in December 2012. PA
    Boris Johnson is greeted by staff at 10 Downing Street after meeting Queen Elizabeth II and accepting her invitation to form a new government in December 2012. PA
  • Former US president Donald Trump and Mr Johnson arrive for a bilateral meeting during the G7 summit in August 2019 in Biarritz, France. Getty
    Former US president Donald Trump and Mr Johnson arrive for a bilateral meeting during the G7 summit in August 2019 in Biarritz, France. Getty
  • The queen welcomes Mr Johnson as the newly elected leader of the Conservative Party, during an audience in July 2019. Getty Images
    The queen welcomes Mr Johnson as the newly elected leader of the Conservative Party, during an audience in July 2019. Getty Images
  • Mr Johnson, then Britain's foreign secretary, stands in front of St Basil's Cathedral during a visit to Moscow's Red Square in December 2017. Getty
    Mr Johnson, then Britain's foreign secretary, stands in front of St Basil's Cathedral during a visit to Moscow's Red Square in December 2017. Getty
  • Mr Johnson collides with a child during a Street Rugby tournament in Tokyo in 2015, held to mark Japan hosting the 2019 Rugby World Cup
    Mr Johnson collides with a child during a Street Rugby tournament in Tokyo in 2015, held to mark Japan hosting the 2019 Rugby World Cup
  • As mayor of London Mr Johnson competes in a tug-of-war in October 2015. Getty Images
    As mayor of London Mr Johnson competes in a tug-of-war in October 2015. Getty Images
  • The Olympic Flag is passed from Mr Johnson to IOC President Jacques Rogge during the closing ceremony of the London 2012 Olympic Games. Getty Images
    The Olympic Flag is passed from Mr Johnson to IOC President Jacques Rogge during the closing ceremony of the London 2012 Olympic Games. Getty Images
  • Mayor of London Boris Johnson with Prime Minister David Cameron during the lighting of the Paralympic Cauldron in Trafalgar Square, in August 2012. PA
    Mayor of London Boris Johnson with Prime Minister David Cameron during the lighting of the Paralympic Cauldron in Trafalgar Square, in August 2012. PA
  • Boris Johnson gets stuck on a zip-line during a BT London Live event in Victoria Park in August 2012. Getty
    Boris Johnson gets stuck on a zip-line during a BT London Live event in Victoria Park in August 2012. Getty
  • Mr Johnson and Lord Sebastian Coe cheer as a giant set of Olympic rings is displayed from Tower Bridge in June 2012, Getty Images
    Mr Johnson and Lord Sebastian Coe cheer as a giant set of Olympic rings is displayed from Tower Bridge in June 2012, Getty Images
  • Mr Johnson gestures attends a Harry Potter studio tour of Diagon Alley, at the Warner Brother Studios, London, in December 2011. AP Photo
    Mr Johnson gestures attends a Harry Potter studio tour of Diagon Alley, at the Warner Brother Studios, London, in December 2011. AP Photo
  • Mr Johnson at the launch of London's first cycle hire scheme in July 2010. Getty Images
    Mr Johnson at the launch of London's first cycle hire scheme in July 2010. Getty Images
  • Mr Johnson with artists' impressions of the design for London's new Routemaster bus in May 2010. Getty Images
    Mr Johnson with artists' impressions of the design for London's new Routemaster bus in May 2010. Getty Images
  • The candidates to be mayor of London; Labour's Ken Livingstone, Conservative Boris Johnson and Liberal Democrat Brian Paddick, being questioned on BBC's 'Newsnight' programme in April 2008. Getty Images
    The candidates to be mayor of London; Labour's Ken Livingstone, Conservative Boris Johnson and Liberal Democrat Brian Paddick, being questioned on BBC's 'Newsnight' programme in April 2008. Getty Images
  • Boris Johnson on the North Pier in Blackpool during the Conservative Party conference there in October 2005. Getty Images
    Boris Johnson on the North Pier in Blackpool during the Conservative Party conference there in October 2005. Getty Images
  • Mr Johnson at his desk in 2000 while he was a journalist for 'The Telegraph'. Getty Images
    Mr Johnson at his desk in 2000 while he was a journalist for 'The Telegraph'. Getty Images
  • Mr Johnson when he was president of the Oxford Union society speaking to the Greek minister for culture Melina Mercouri when she addressed the union. Reuters
    Mr Johnson when he was president of the Oxford Union society speaking to the Greek minister for culture Melina Mercouri when she addressed the union. Reuters
  • Boris Johnson in September 1979, at Eton School. Shutterstock
    Boris Johnson in September 1979, at Eton School. Shutterstock

_______________________________

He said that he would explore all the evidence to help get the economy back on track after “the equivalent” of a world war owing to the coronavirus pandemic, but his priority would be to bring down inflation that is running at 9.1 per cent and expected to hit double digits by the end of the year. He also said tax cuts would be on the table for families struggling to pay their bills in the current cost-of-living crisis.

The biggest tax cut in a decade comes into force today, £330 for 30 million people owing to a change in National Insurance adopted by his predecessor.

However, he did not offer much hope for hard-pressed workers hoping for significant pay rises, saying the government must be careful about public sector pay “so inflation is not fuelled, causing even deeper problems”.

He said he would stick by his pledge to teachers to give a 9 per cent rise to new starters.

From refugee to the UK government

Born in Iraq to a Kurdish family, Mr Zahawi arrived in the UK at the age of 9, when his parents fled the regime of Saddam Hussein.

He has described the difficulty he had adapting as he grew up in London, especially his struggles with the English language and bullies at school.

The young Nadhim spent much of his time playing football, studying maths and science, and horse riding.

It was not until he began studying chemical engineering at University College London that he developed an interest in politics and became actively involved with the Conservative Party.

Nick Donaldson / The National
Nick Donaldson / The National

“They just looked reasonable and actually they were very pleasant and talked about things like opportunity and freedom — stuff that resonated with me,” he says of his fellow conservative students.

“I just thought, ‘those are my values’.”

He has often said his own past deeply influenced his view of Britain and he recently spoke of the debt he owed poet Philip Larkin as he improved his English as a teenager.

After working in junior ministerial roles in the education and business departments, Mr Zahawi was appointed minister in charge of the Covid-19 vaccine campaign in 2020.

In 2021, Mr Johnson promoted him to the Cabinet to run education policy.

Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

UAE Tour 2020

Stage 1: The Pointe Palm Jumeirah - Dubai Silicon Oasis, 148km
Stage 2: Hatta - Hatta Dam, 168km​​​​​​​
Stage 3: Al Qudra Cycle Track - Jebel Hafeet, 184km​​​​​​​
Stage 4: Zabeel Park - Dubai City Walk, 173km​​​​​​​
Stage 5: Al Ain - Jebel Hafeet, 162km​​​​​​​
Stage 6: Al Ruwais - Al Mirfa, 158km​​​​​​​
Stage 7: Al Maryah Island - Abu Dhabi Breakwater, 127km

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

COMPANY%20PROFILE
%3Cp%3EFounder%3A%20Hani%20Abu%20Ghazaleh%3Cbr%3EBased%3A%20Abu%20Dhabi%2C%20with%20an%20office%20in%20Montreal%3Cbr%3EFounded%3A%202018%3Cbr%3ESector%3A%20Virtual%20Reality%3Cbr%3EInvestment%20raised%3A%20%241.2%20million%2C%20and%20nearing%20close%20of%20%245%20million%20new%20funding%20round%3Cbr%3ENumber%20of%20employees%3A%2012%3C%2Fp%3E%0A
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Story%20behind%20the%20UAE%20flag
%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
WISH
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Chris%20Buck%2C%20Fawn%20Veerasunthorn%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Ariana%20DeBose%2C%20Chris%20Pine%2C%20Alan%20Tudyk%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A

The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape

Updated: July 06, 2022, 2:34 PM