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More UK energy aid to come under incoming leader, says Nadhim Zahawi

Zahawi's remarks come as economic headwinds build against the UK, with the Bank of England predicting a recession lasting more than a year amid surging inflation

Britain's Chancellor Nadhim Zahawi poses for a photograph outside the HM Treasury following his appointment after Rishi Sunak resigned from the post, in London (Photo: AP/PTI)
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Britain's Chancellor Nadhim Zahawi poses for a photograph outside the HM Treasury following his appointment after Rishi Sunak resigned from the post, in London (File Photo: AP/PTI)

Alex Morales and Caroline Hyde | Bloomberg
UK Chancellor of the Exchequer Nadhim Zahawi said he’s working on additional measures to help households and businesses with soaring energy bills. 
 
The proposals will help the country’s incoming prime minister “hit the ground running” after a leadership vote in the governing party concludes next week, Zahawi said in an interview with Bloomberg Television on Monday. He said smaller businesses, in particular, will likely need assistance as a result of the energy crisis engulfing the UK and other European countries. 

Zahawi’s remarks come as economic headwinds build against the UK, with the Bank of England predicting a recession lasting more

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First Published: Aug 30 2022 | 7:40 AM IST

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