New UK finance minister Zahawi pledges to grow economy

Published by
Reuters

By William Schomberg LONDON (Reuters) – Britain’s new finance minister Nadhim Zahawi pledged on Wednesday to rebuild and grow the struggling economy and said he would look at all options to do that, including the possibility of tax cuts. Zahawi, who moved from the education ministry to the Treasury on Tuesday after the resignation of Rishi Sunak, said “nothing is off the table”. But he also faced questions in his first media interviews in the job about whether he would even have a chance to steer the economy out of its looming slowdown, given Prime Minister Boris Johnson’s weakened grip on pow…

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