Nadhim Zahawi appointed chancellor as Rishi Sunak resigns

Rishi Sunak, chancellor of the exchequer, has resigned from his position. The post has been taken up by Nadhim Zahawi.

The new chancellor, Zahawi, has been largely credited for the successful rollout of covid vaccines. He was appointed education secretary less than a year ago, after first becoming a junior minister in 2018. The 55-year-old is commended for his success and ambition, having arrived in the UK from Iraq aged nine, not knowing the english language. 

If this position is maintained, the next budget will be delivered by Zahawi. Announcements of the budget will include important decisions that will affect payroll professionals.

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