(MENAFN- AzerNews)
By Trend
British Prime Minister Boris Johnson appointed Nadhim Zahawi as
finance minister on Tuesday, replacing Rishi Sunak who earlier quit
in protest at Johnson's leadership, Trend reports citing Reuters .
Zahawi, 55, inherits an economy that is likely heading for a
sharp slowdown or even a recession, and will face immediate
pressure to do more to help struggling households and to lower
taxes which are on course to hit their highest level in decades.
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Zahawi was previously education secretary. He was replaced as
education secretary by Michelle Donelan, previously a junior
education minister.
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