Read: the new Chancellor’s interview with the BBC

This is an edited transcript of the interview with the new chancellor Nadhim Zahawi on the Today programme this morning. Nick Robinson: You faced a choice yesterday, and I’d like you to explain it to our listeners. Why was it in the country’s interests as against yours, for you to stay in the cabinet and not to follow Rishi Sunak and Sajid Javid? Nadhim Zahawi: Because we are facing a global battle against inflation. Inflation is raging here in the United Kingdom, in Germany, in Canada and the United States. We have war on our continent that very few people anticipated. And I think many, many people listening to this programme today are