UK Treasury is facing intense scrutiny after its former Economic Secretary, Tulip Siddiq, resigned amid allegations of corruption. Siddiq, who was responsible for tackling economic crime and anti-corruption efforts, was named in a corruption investigation by Bangladesh’s Anti-Corruption Commission.
The investigation claims that Siddiq’s family embezzled up to £3.9 billion. The Prime Minister’s independent adviser on ministerial standards concluded that Siddiq had not broken the ministerial code, but an interview with her aunt, Sheikh Hasina, who is the country’s former prime minister, suggested homes used by Siddiq in the UK should be handed back if they were acquired through “plain robbery”.
Siddiq’s resignation has raised questions about her handling of economic crime and anti-corruption efforts. The Chancellor, Rachel Reeves, also faced criticism for her role in managing government borrowing, which is currently higher than the target set by the Bank of England.
The UK government faces a difficult challenge in addressing sluggish economic growth and boosting business confidence. The Prime Minister’s resignation eases the pressure on him, but it may take longer to resolve the economic issues that have plagued his government.
Source: https://www.bbc.com/news/articles/cly90yd1w7wo