Rishi Sunak, the young former banker and former finance minister, became the new leader of the Conservative Party and prime minister of the United Kingdom on Monday following Liz Truss’s painful departure from office.
Born on May 12, 1980 into a wealthy family, he is married to the daughter of a tech billionaire, was an early supporter of Brexit, and had a stunning career in the Conservative Party, reaching the top at just 42 years old. old.
Rishi Sunak will take office on Monday as Conservative Party leader and Prime Minister. Photography: Hannah McKay/Reuters
The son of Indian immigrants, a doctor father and a pharmacist mother, Sunak studied at the elite private school Winchester College, then entered economics at Oxford University, earning a master’s degree at Stanford University, where he was awarded a prestigious Fulbright scholarship.
Liz Truss resigns as Prime Minister of the United Kingdom
He had an impressive career in the private sector, working as an investment banker at Goldman Sachs and various investment funds from a young age.
In this context, he met Akshata Murthy, the daughter of an Indian technology billionaire, and married her in 2009.
His ability has been appreciated since his youth at university, as well as his charisma. Credit: Daily Mail
He began his political career in 2015 when he was elected as a representative of the Conservative Party for the county of Yorkshire in the north of the country, and from here his popularity among conservatives rose quickly to the point that he was considered the “golden boy” of the British. Policy.
In February 2020, he was appointed Chancellor of the Exchequer, the most important position in the UK Cabinet.
Sunak led the British economy into recession due to the coronavirus pandemic, and his economic plan to help employees and businesses was highly appreciated by Britons.
He had long been considered Boris Johnson’s right-hand man, but was singled out in the former prime minister’s circle as the man who betrayed him by announcing his resignation on July 5, leading to 60 more resignations in government and the eventual downfall of the Conservative leader.
Rishi Sunak also ran for election to replace Boris Johnson, coming in second place. Photography: Hannah McKay/Reuters
After Johnson’s departure, he ran for the position of Prime Minister against Liz Truss, who resigned 45 days after taking office amid a political and economic crisis due to her announcement of her disastrous economic plan to cut taxes, which caused turmoil in the markets. The collapse of the pound and the increase in British mortgages.
During the race to succeed Johnson, Sunak described promises by Truss and other rivals to immediately cut taxes as reckless “fairy tales” and said inflation must be brought under control first.
Sterling recovers slightly after Liz Truss’ resignation
Conservative voters then backed Truss rather than Sunak, but the current economic chaos in the UK caused by the former Prime Minister’s unfunded tax cuts package has proven the British Chancellor of the Exchequer right.
Sunak was a junior minister in former Prime Minister Theresa May’s government, and his support for Johnson’s Conservative leadership in 2019 earned him the key appointment as first secretary to the Treasury.
The former banker had to deal with the consequences of a so-called ‘party door’ and was fined by police, alongside Johnson, for breaching confinement rules in Downing Street in June 2020.
He then had to face controversy over his wife’s financial situation and alleged maneuvers to avoid paying UK tax on his overseas income, which earned him a torrent of criticism, amplified by tax increases imposed by Sunak himself on several sectors.
The case, revealed by The Independent newspaper, which reported that his wife was benefiting from “non-resident” status, shook Britons in April, who were experiencing record inflation numbers as their purchasing power declined.