Skip to content
Search

Latest Stories

Sunak requests independent review of his financial declarations

Chancellor Rishi Sunak said on Sunday he had asked prime minister Boris Johnson for a review to determine whether he had stuck to the rules on ministerial declarations following criticism over his family's financial arrangements.

Sunak said he had written to the prime minister asking him to refer Sunak's ministerial declarations to Christopher Geidt, the independent adviser on ministers' interests.


"I have always followed the rules and I hope such a review will provide further clarity," Sunak said on Twitter.

Sunak has endured a torrid week in which a substantial increase in taxes came into effect as the tax arrangements of his family also came under scrutiny, and the Sunday Times reported he considered resigning. Read full story

His wife, Akshata Murty, owns about 0.9 per cent of Indian IT giant Infosys and has confirmed that she had non-domiciled tax status, meaning she did not pay tax on earnings from outside Britain.

Rishi Sunak and wife donate more than £100,000 to Winchester College Chancellor of the UK's Exchequer Rishi Sunak and his wife Akshata Murthy. (Photo by Tristan Fewings/Getty Images)

While the status was legal, critics said the arrangement was incompatible with Sunak's decision to raise taxes on workers and employers from April 6 at a time when high inflation is causing a cost-of-living squeeze for many households. On Friday she said she would pay British tax on foreign income.

A newspaper report said that Sunak was listed as a beneficiary of offshore trusts linked to his wife's family business interests, while on Friday he confirmed he only gave up a "green card" for the United States - an immigration status intended for permanent US residents - after he became Britain's chacellor in 2020.

"I am confident that such a review of my declarations will find all relevant information was appropriately declared," Sunak said in the letter.

Geidt, who will lead the review, last year cleared prime minister Johnson of a conflict of interest over the refurbishment of his official residence in an report that said the prime minister acted "unwisely" but had not broken the ministerial code.

More For You

Falklands sovereignty row erupts days before King Charles meets Trump

No 10 was quick to respond, with the prime minister's spokesman saying the government "could not be clearer" on its stance

Getty Images

Falklands sovereignty row erupts days before King Charles meets Trump

Highlights

  • A Pentagon email reported by Reuters suggested the US was considering reviewing its support for UK sovereignty over the Falklands.
  • Downing Street said sovereignty "rests with the UK" and the islanders' right to self-determination is "paramount".
  • Report emerged just three days before King Charles and Queen Camilla are due to meet Trump at the White House.
A report suggesting the US may be rethinking its position on the Falkland Islands has sparked a strong response from Downing Street, coming just days before King Charles and Queen Camilla head to Washington to meet president Donald Trump.
An internal Pentagon email, reported by Reuters, suggested the US was looking at ways to put pressure on Nato allies it felt had not supported its war in Iran.
One of the options discussed was a review of American backing for British sovereignty over the Falklands.
No 10 was quick to respond, with the prime minister's spokesman saying the government "could not be clearer" on its stance.
"Sovereignty rests with the UK and the islanders' right to self-determination is paramount," he told BBC, adding that this had been "expressed clearly and consistently to successive US administrations."
He was firm that "nothing is going to change that."
The Falkland Islands government backed London's position, saying it had "complete confidence" in the UK's commitment to defending its right to self-determination.
Previous US administrations have recognised Britain's administration of the islands but have stopped short of formally backing its sovereignty claim.

Political reaction grows

The report triggered sharp reactions from across British politics. Conservative leader Kemi Badenoch called the reported US position "absolute nonsense", adding: "We need to make sure that we back the Falklands.

They are British territory." Reform UK's Nigel Farage said the matter was "utterly non-negotiable" and confirmed he would raise it with Argentina's president Javier Milei when they meet later this year.

Keep ReadingShow less