Rishi Sunak news - live: Chancellor defends wife over non-dom tax status as Labour demands answers
Murty is estimated to be worth hundreds of millions of pounds
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Chancellor Rishi Sunak has defended his wife, billionaire Akshata Murty, over her tax-reducing non-domiciled status after Labour demanded answers whether he himself benefitted from her status.
Mr Sunak said his wife had done nothing wrong in choosing a financial arrangement that means she is not legally obliged to pay tax in Britain on foreign income.
He has blamed Labour for the “awful” smears against his family, saying: “She hasn’t broken any rules”.
This comes after the party demanded the Chancellor to answer 12 central questions about whether he personally benefited from Ms Murty’s tax arrangement.
Ms Murty, daughter of the Indian businessman Narayana Murthy, is estimated to be worth hundreds of millions of pounds.
Meanwhile, The Telegraph reported that unnamed allies of the Chancellor claimed the Prime Minister’s office was behind the leaks – an allegation No 10 and No 11 strongly denied.
A No 10 spokeswoman told the PA news agency: “It is categorically untrue that No 10 is behind the briefings.”
“The Prime Minister and Chancellor are united.”
‘She hasn’t broken any rules’: Rishi Sunak breaks silence over wife’s non-dom status
No, Mr Johnson, you can’t keep families out of the Sunak tax affair
Rishi Sunak vetoed government plan to ease pain from soaring energy bills, leak reveals
The UK government’s energy strategy is only hours old, but already in complete disarray
Good Morning!
Welcome to The Independent’s live coverage of all the latest in UK politics. Stay tuned!
Chancellor defends wife over non-dom status as allies blame No 10 for smears
Chancellor Rishi Sunak has defended his wife, billionaire Akshata Murty, over her tax-reducing non-domiciled status after Labour demanded answers whether he himself benefitted from her status.
Mr Sunak said his wife had done nothing wrong in choosing a financial arrangement that means she is not legally obliged to pay tax in Britain on foreign income.
He has blamed Labour for the “awful” smears against his family, but the Telegraph reported that unnamed allies of the Chancellor claimed the Prime Minister’s office were behind the leaks – an allegation No 10 and No 11 strongly denied.
Read more:
Chancellor defends wife over non-dom status as allies blame No 10 for smears
Rishi Sunak said his Indian wife ‘hasn’t done anything wrong’ with her tax arrangement.
Who is Akshata Murthy?
Born to tech-giant Infosys founder Narayana Murty and author Sudha Murty, Akshata Murty has a 0.9 per cent stake in the company worth hundreds of millions of pounds, according to its latest annual report.
Together with her chancellor husband Rishi Sunak, Ms Murty owns the London-based Catamaran Ventures UK, The Guardian reports. Mr Sunak transferred his shares to his wife shortly before entering parliament as an MP in 2015.
Ms Murty, now 42, is also listed as a shareholder in at least six other companies, including Jamie Oliver’s Pizzeria, Wendy’s restaurants in India and New & Lingwood, a men’s apparel store which measures Etonians for tailcoats and silk dressing gowns.
Alice Murphy has more.
Who is Akshata Murty, Rishi Sunak’s millionaire wife?
Believed to be richer than the Queen, the 42-year-old daughter of Indian IT billionaire NR Narayana Murty captured the heart of Britain’s chancellor during their time at Stanford University
What is non-dom status?
The wife of Rishi Sunak, the British chancellor, has claimed non-domicile status to save on her tax bill.
It is not known exactly how much Akshata Murty saved through this, but sources claimed it could have avoided her paying millions of pounds in tax on foreign earnings over several years.
“Non-dom” status is lawful but controversial.
Zoe Tidman has more details here:
What is non-dom status?
UK chancellor is under fire over wife’s use of legal but controversial tax loophole
What the papers say about Rishi Sunak and his wife’s tax status?
The Chancellor’s wife’s tax status continues to lead the nation’s papers on Friday.
The Independent leads on what has been called the “breath-taking hypocrisy” of Mr Sunak on his family’s tax status, while The Guardian says his wife may have avoided £20 million on her bill.
The Chancellor’s allies are claiming the leaks regarding the tax controversy are coming from Number 10, according to The Daily Telegraph, while The Times says Mr Sunak fears a “hit job”.
Find more here:
What the papers say – April 8
The front pages are lead by criticism of Rishi Sunak and his wife Akshata Murty.
Labour tells Rishi Sunak to come clean on wife’s non-dom status
Labour is demanding that Rishi Sunak answer 12 key questions about his wife’s non-dom status, including whether he has benefited personally.
As the controversy grows, the chancellor has been urged to set out how much tax has been saved and how he has “ensured he is not involved in Treasury discussions” about the rules.
“As chancellor it is crucial you both follow the rules and lead by example,” James Murray, a shadow Treasury minister has written.
“Any impression that there is one set of rules favouring a few, and another for everyone else, threatens the integrity of tax policy in our country.”
Our deputy political editor Rob Merrick has more:
Labour tells Rishi Sunak to come clean on any benefits from wife’s non-dom status
Labour is demanding that Rishi Sunak answer 12 key questions about his wife’s non-dom status, including whether he has benefited personally.
Letters: Are there tough decisions ahead for Rishi Sunak and his wife?
Rishi Sunak’s wife claims that she has to have non-dom status due to her Indian citizenship. As India apparently does not allow dual nationality, then it follows that she cannot be a UK citizen, with all that implies for her and her children.
I suppose she could always renounce her Indian citizenship, but then she might have to pay more UK tax. Some people do have tough decisions to make in these uncertain times.
Read our latest editorial here:
Letters: Are there tough decisions ahead for Rishi Sunak and his wife?
Letters to the editor: our readers share their views. Please send your letters to letters@independent.co.uk
Good morning
Hello, Sam Hancock here, I’m taking over our rolling UK politics coverage now.
Stay tuned for all the latest updates as chancellor Rushi Sunak continues to be criticised over his wife’s tax status.
Watch: Johnson defends not banning trans conversion therapy
PM and German chancellor to hold talks on weaning themselves off Russian gas
Boris Johnson will host Olaf Scholz at Downing Street on Friday as the pair look to discuss how European countries can reduce their reliance on Russian gas following the war on Ukraine.
The UK prime minister is expected to offer assistance to Berlin, which is still heavily reliant on Russian gas, to reduce its dependence on Moscow’s energy exports in a bid to starve Vladimir Putin’s war machine of funds.
It comes after foreign secretary Liz Truss, following a meeting of Nato counterparts in Brussels on Thursday, said she hoped to see “more countries” commit to banning Russian energy imports.
The UK has pledged to end all imports of Russian coal and oil by the end of 2022, with gas to follow as soon as possible. The US has done the same.
Germany has faced criticism from Ukraine and other European nations, including Poland, with claims it has been too slow to phase out Russian energy. Robert Habeck, the German economy and energy minister, has announced plans to stop importing oil and coal from Russia this year, and gas by mid-2024.
Meanwhile, UK and Nato allies have agreed to supply “new and heavier” weapons to Ukraine in an acknowledgement that the conflict has entered a “new and different phase”.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments