Nadhim Zahawi fights for his political life after admitting tax ‘error’

Embattled Tory party chair reveals he made ‘careless but not deliberate’ error over multimillion-pound share sale

Nadhim Zahawi was battling to save his political career on Saturday night after he finally admitted reaching a tax settlement with HM Revenue and Customs (HMRC) following an “error” over a controversial multimillion-pound shareholding in the polling company YouGov.

In a carefully worded statement, Zahawi appeared to confirm that HMRC had carried out an investigation into his financial affairs while he was serving as chancellor last summer. Zahawi, now the Tory party chairman, said that the tax authority had concluded that he had made a “careless but not deliberate” error.