He has served as Education Secretary in the cabinet since September 2021 (Picture: Reuters)
Nadhim Zahawi has been appointed the new Chancellor of the Exchequer after Rishi Sunak resigned this evening.
He was promoted amid a leadership crisis after serving as Education Secretary in the cabinet since September 2021.
Universities Minister Michelle Donelan will replace him in his previous role.
Mr Zahawi got his first big government role in November 2020 when he was made vaccines minister and helped lead the coronavirus pandemic vaccine roll-out.
He will now take on one of the biggest jobs in Government serving amid the worst cost-of-living crisis in a generation, at the same time as many MPs are withdrawing support for the prime minister.
One of his first big challenges will be putting together a crucial autumn Budget as inflation bites.
Born in Iraq to a Kurdish family, Mr Zahawi came to the UK as a nine-year-old when his parents fled the regime of Saddam Hussein.
The Rt Hon Nadhim Zahawi MP @NadhimZahawi has been appointed Chancellor of the Exchequer @HMTreasury pic.twitter.com/0PSifvQ7LB
— UK Prime Minister (@10DowningStreet) July 5, 2022
Believed to be one of the richest politicians in the House of Commons, he helped found polling company YouGov after studying chemical engineering at University College London.
He has often said that his own personal backstory has 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.
Seen as a ‘safe pair of hands’, he came to the Education Secretary role following the sacking of Gavin Williamson, who had become deeply unpopular with the public over the exams fiasco during the Covid-19 pandemic.
This is a breaking news story, more to follow soon… Check back shortly for further updates.
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