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Zahawi urged to explain source of £26m mystery loans

Chancellor’s £58m property firm used loans to buy commercial and retail premises across the UK

The chancellor Nadhim Zahawi is under pressure to explain the source of £26m of unsecured loans reported by his family property firm in 2018 as he faces questions over his tax affairs.

The millions of pounds of loans helped Zahawi and his wife buy properties across Britain, including commercial and retail premises in London, Birmingham, Brighton and Walton-on-Thames in Surrey.

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