Comments follow reports that Tory party chairman paid HMRC a penalty as part of a multimillion-pound tax settlement

Tory party chair Nadhim Zahawi has released a statement to “address some of the confusion about my finances” after reports that he paid a penalty as part of a multimillion-pound tax settlement.

He said: “As a senior politician I know that scrutiny and propriety are important parts of public life. Twenty-two years ago I co-founded a company called YouGov. I’m incredibly proud of what we achieved. It is an amazing business that has employed thousands of people and provides a world-beating service.

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