Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

UK’s Sunak followed conflict of interest rules -independent advisor

Published On :

LONDON (Reuters) -British finance minister Rishi Sunak was found on Wednesday to have adhered to rules on conflicts of interest and the ministerial code in his and his family’s financial affairs, which had attracted sharp political and media criticism.

Sunak’s wife – daughter of an Indian billionaire – confirmed this month that she had “non-domiciled” status allowing her to pay tax in India rather than Britain, something the opposition Labour party said was at odds with Sunak’s role and his tax-raising plans.

He also came under scrutiny for holding a U.S. “green card” – an immigration status intended for permanent U.S. residents – after becoming finance minister in 2020.

Sunak, who had been seen as a strong candidate to succeed Boris Johnson as prime minister, asked the government’s independent ethics adviser to consider whether he had broken any rules.

“I advise that the requirements of the Ministerial Code have been adhered to by the Chancellor, and that he has been assiduous in meeting his obligations and in engaging with this investigation,” the adviser, Christopher Geidt, said in a statement.

“In reaching these judgements, I am confined to the question of conflicts of interest and the requirements of the Ministerial Code. My role does not touch on any wider question of the merits of such interests or arrangements.”

Labour said the report was a whitewash.

This report fails to answer the most basic questions and makes a mockery of our democracy. Downing Street has lost all ethical credibility,” said deputy Labour leader Angela Rayner.

The recent spotlight on Sunak and criticism of his decision not to offer fresh support for households hit by surging inflation have led to a slump in his approval ratings.

(Writing by William Schomberg; editing by Andy Bruce and Kevin Liffey)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts