Former Chancellor Nadhim Zahawi to Step Down as MP for Stratford-on-Avon

Former chancellor Nadhim Zahawi has formally declared his intention to not seek re-election as the Member of Parliament for Stratford-on-Avon in the upcoming general election.

In a heartfelt and reflective statement, Zahawi acknowledged his personal missteps, including the controversy surrounding an investigation into his tax affairs by HMRC.

The decision marks the end of Zahawi’s 14-year tenure as the representative for Stratford-on-Avon, a role he described as his ‘greatest honor.’

Having served in various high-profile positions, including education secretary and chancellor of the exchequer, Zahawi expressed gratitude for the opportunities the UK had provided him since fleeing persecution in Baghdad as a child.

Referring to himself as the ‘MP for Shakespeare,’ Zahawi cited the need for fresh Conservative leadership to champion the constituency.

Nadhim Zahawi rose to prominence as a co-founder of YouGov, amassing substantial wealth before entering politics as a councillor in Wandsworth.

His rapid ascent saw him assume ministerial positions under Theresa May before his appointment as vaccines minister during the peak of the COVID-19 pandemic.

Zahawi’s brief tenure as chancellor was marred by tax controversy, leading to his dismissal by then Prime Minister Rishi Sunak.

The decision to step down follows a failed bid for Tory leadership and subsequent support for Liz Truss, who entrusted him with governmental roles.

Local group Stratford Can, critical of Zahawi’s performance, welcomed his resignation, signaling the end of a contentious chapter in constituency representation.

Ahead of the election, Zahawi’s departure adds to the growing list of Conservative MPs opting out of re-election, reflecting a broader reshaping within the party’s ranks.

Despite the challenges, Zahawi concluded his statement by reaffirming his dedication to the Conservative Party and the enduring support he intends to provide beyond his parliamentary tenure.