Finance Minister Tulip Siddiq resigned over alleged financial links to her aunt’s political connections in Bangladesh.
In a letter to the Prime Minister, the Labor MP said that while she had “not breached the ministerial code”, continuing in her role would clearly “distract attention from the work of the government”.
The Hampstead and Highgate MP added: “As a result, I have decided to resign as minister.”
Siddique, who is also municipal government minister, reported to the prime minister’s ethics watchdog last week.
Prime Minister Keir Starmer accepted Siddique’s letter “sadly”, adding that ethics watchdog Sir Laurie Magnus “has assured me that he has found no breaches of the ministerial code nor any breach of the ministerial code.” No evidence of financial impropriety was found on your part.”
Siddique has been facing pressure over property and business dealings related to his aunt Sheikh Hasina. .
Wycombe MP Emma Reynolds has been appointed as the new economic secretary to the Treasury, while new Swansea West MP Torsten Bell will take over from her previous role at work and pensions. The Ministry holds the position of Deputy Minister of Parliament.
Jon Greer, head of retirement policy at Quilter, added: “Torsten Bell’s appointment as Joint Parliamentary Secretary to the Treasury and Parliamentary Under-Secretary of State for Work and Pensions signals Labour’s intention to prioritize pensions policy over its economy. core of the agenda.
“Bell’s background as an economist and his tenure as chief executive of the Resolution Foundation provide a solid background for his pensions brief and enable him to gain a command of a sector that is vital to the financial well-being of millions of people. Complexity.
