New chancellor Zahawi can only hope to 'steady the ship'

Following Sunak resignation

Elliot Gulliver-Needham
clock • 3 min read

The best that new chancellor Nadhim Zahawi can hope for is to “help steady the ship until the global economic storm has passed”, as the industry responds to the recent spate of resignations threatening Boris Johnson's premiership.

To continue reading this article...

Join Investment Week today

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Bank of England 'presses pause, not stop' as it holds rates at 3.75%
UK

Bank of England 'presses pause, not stop' as it holds rates at 3.75%

Majority of 6-3

Patrick Brusnahan
clock 30 July 2026 • 2 min read
Friday Briefing: Habemus Chancellor!
UK

Friday Briefing: Habemus Chancellor!

Friday Briefing

Cristian Angeloni
clock 27 July 2026 • 3 min read
Lucy Rigby re-appointed as City minister in Burnham government
UK

Lucy Rigby re-appointed as City minister in Burnham government

Replacing Rachel Blake

Cristian Angeloni
clock 22 July 2026 • 1 min read
Trustpilot