Rishi Sunak
Rishi Sunak (born 12 May 1980 in Southampton ) is a British Conservative Party politician and Prime Minister of the United Kingdom.
He has represented the Richmond (Yorks) constituency in the British House of Commons since 2015.
He received his first government post in Theresa May's cabinet in 2019.
The Right Honourable Rishi Sunak MP  | |
|---|---|
Sunak in 2022 | |
| Prime Minister of the United Kingdom | |
| Assumed office 25 October 2022 | |
| Monarch | Charles III |
| Deputy | Dominic Raab |
| Preceded by | Liz Truss |
| Leader of the Conservative Party | |
| Assumed office 24 October 2022 | |
| Chairman | Nadhim Zahawi |
| Preceded by | Liz Truss |
| Chancellor of the Exchequer | |
| In office 13 February 2020 – 5 July 2022 | |
| Prime Minister | Boris Johnson |
| Preceded by | Sajid Javid |
| Succeeded by | Nadhim Zahawi |
| Chief Secretary to the Treasury | |
| In office 24 July 2019 – 13 February 2020 | |
| Prime Minister | Boris Johnson |
| Preceded by | Liz Truss |
| Succeeded by | Steve Barclay |
| Parliamentary Under-Secretary of State for Local Government | |
| In office 9 January 2018 – 24 July 2019 | |
| Prime Minister | Theresa May |
| Preceded by | Marcus Jones |
| Succeeded by | Luke Hall |
| Member of Parliament for Richmond (Yorks) | |
| Assumed office 7 May 2015 | |
| Preceded by | William Hague |
| Majority | 27,210 (47.2%) |
| Personal details | |
| Born | 12 May 1980 Southampton, Hampshire, England |
| Political party | Conservative |
| Spouse | Akshata Murty (m. 2009) |
| Children | 2 |
| Relatives |
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| Residences |
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| Education | Winchester College |
| Alma mater |
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| Website | rishisunak.com |
He took over as Chancellor of the Exchequer in Boris Johnson's cabinet in February 2020, following the resignation of Sajid Javid.
He resigned from this post in July 2022. After the resignation of Liz Truss, he became the new Conservative Party leader on October 24, 2022; a day later King Charles III. was appointed Prime Minister.
He is the first British Prime Minister with Asian roots.
Personal life
Origin
Rishi Sunak was born in England in 1980 as the eldest of three siblings. His father, Yashvir, was born in what was then the British colony of Kenya, and his mother, Usha, in what was then the British Mandate of Tanganyika (now Tanzania ). Both families are originally from the Indian Punjab and had emigrated from East Africa to Southampton in the 1960s, where they met.
His father was a general practitioner in the NHS, and his mother was a pharmacist.
Sunak is Hindu and grew up in the small English town of Romsey in the county of Hampshire.
Marriage and family
Sunak has been married to Akshata Murthy, daughter of Infosys co-founders N.R. Narayana Murthy and Sudha Murthy, since August 2009. They met while studying at Stanford University. The couple has two daughters.
His wife is a director of her father's investment firm, Catamaran Ventures. She had non-domiciled status in the UK. As a result, she did not have to pay taxes on her overseas income while living in the UK.
She accordingly paid £30,000 in fees a year to avoid an estimated £20m in tax that she would have had to pay as a UK tax resident. According to media reports.
On April 8, 2022, Murthy announced that she would be paying UK tax on her worldwide income.
The couple lives at Kirby Sigston Manor in the village of Kirby Sigston near Northallerton in North Yorkshire, northern England. It also owns a townhouse in Kensington, central London, an apartment on Old Brompton Road, South Kensington, and a penthouse apartment in Santa Monica, California.
According to the Sunday Times Rich List 2022, Rishi Sunak and Akshata Murthy rank 222nd among the rich in Britain; her fortune is estimated to be around £730millionestimated, making Sunak one of the richest parliamentarians in the country.
Career
Professional and Political Career
After graduating from the elite boarding school Winchester College, Sunak studied philosophy, politics, and economics at Lincoln College, Oxford, graduating with a bachelor's degree.
He then worked, among other things, as an analyst for Goldman Sachs and as a hedge fund manager. He received his Master of Business Administration degree from Stanford Graduate School of Business in 2006.
In the British general election on May 7, 2015, Sunak ran in the constituency of Richmond (Yorks) and won a seat in the House of Commons with 51.4 percent of the vote.
In the early general election on June 8, 2017, he received 63.9% in the same constituency, and in the general election on December 2019 63.6 percent of the vote. Sunak took his oath as a member of the lower house on the Bhagavad Gita.
Sunak supported the United Kingdom's exit from the European Union. In the cabinet reshuffle on February 13, 2020, Sunak took over as Chancellor of the Exchequer, succeeding the resigned Sajid Javid.
He proposed, two months after the start of the COVID-19 pandemic in the UK, that vouchers worth £500 and £250 be given to all adults and children, respectively, to help boost sectors of the economy hit hard by the crisis.
In 2020 and 2021, the Johnson II government spent many billions of pounds on wage replacement for furloughed and short-time workers.
In April 2022 there was an increase in social security contributions of around £12 billion called the Health Tax; revenue should go to care and NHS hospitals. This reduced citizens' net incomes by 1.25 percent; the employers had additional costs of the same amount.
In April 2022, government-regulated energy bills also increased by around £700 to almost £2,000 a year. The UK tax rate rose to its highest level since the 1950s.
Sunak announced his resignation as Chancellor of the Exchequer on July 1, 2022, in the general government crisis that had been set in motion by the scandal surrounding the conservative Whip Christopher Pincher.
In his resignation letter, he openly criticized Johnson's leadership style.
Application to succeed Boris Johnson
Sunak applied to succeed Johnson after Johnson's resignation on July 8, 2022. In all successive rounds of voting in the lower house of the Conservative Party, he received the most votes.
In a primary from August 1, 2022, to September 2, 2022, Conservative Party members chose Johnson's successor between him and second-place Liz Truss. The result of the vote count was announced on September 5, 2022. Sunak lost to Truss with 42.6% to 57.4% of the vote.
|
Candidate |
Voting rounds for
the election of the party leader |
||||
|
July 13, 2022 |
July 14, 2022 |
July 18, 2022 |
July 19, 2022 |
July 20, 2022 |
|
|
Rishi Sunak |
88 |
101 |
115 |
118 |
137 |
|
Liz
Truss |
50 |
64 |
71 |
86 |
113 |
|
Penny Mordaunt |
67 |
83 |
82 |
92 |
105 |
|
Kemi Badenoch |
40 |
49 |
58 |
59 |
– |
|
Tom Tugendhat |
37 |
32 |
31 |
– |
– |
|
Suella Braverman |
32 |
27 |
– |
– |
– |
|
Nadhim Zahawi |
25 |
– |
– |
– |
– |
|
Jeremy Hunt |
18 |
– |
– |
– |
– |
|
votes total |
357 |
356 |
357 |
355 |
355 |
Election for party leader and prime minister
After Truss announced her resignation on October 20, 2022, Sunak announced his candidacy for party chairman and thus prime minister on October 23, 2022.
On October 24, he was chosen by the Conservative faction to succeed them as party leader because he was the only candidate to have 100 supporter signatures from MPs.
The next day he was arrested by King Charles III. appointed Prime Minister of the United Kingdom. This makes him the first Prime Minister of Great Britain with Asian roots, the youngest in 200 years, and also the first to convert to another faith ( Hinduism) as professed to Christianity.
Policy goals
Sunak had already warned in his first campaign for the party leadership (in which he ultimately lost) that Truss' plans to use debt-financed tax cuts for top earners would further fuel inflation, jeopardize public finances, and could unsettle markets would trigger such an economic crash.
Sunak had criticized Truss' project as "fairytale economics ". Many British newspapers saw Sunak's fears confirmed by what actually happened later.
Sunak advocates an increase in corporate tax to 25%. He wants to cut the income tax rate for low earners by four percentage points, but unlike his predecessor Truss, Sunak opposes tax cuts for top earners. Sunak backs plans to make the UK carbon neutral by 2050. Because of the current high energy prices, he wants to suspend the sales tax on electricity for a year. The conditions for asylum in the UK are to be tightened to reduce the number of migrants crossing the English Channel.
Sunak has advocated for fracking where local residents support it, and on October 19 voted with the government to ban fracking.
On crime, Sunak proposed automatically adding a year to the prison sentences for intensive offenders and reducing the minimum sentence a foreign offender must serve to be eligible for deportation from 12 months to six months.
Regarding the problem of the organized sexual exploitation of minors by so-called grooming gangs, he proposed life imprisonment for the leaders of such gangs and called on the police to record the ethnicity of those involved.
Sunak also wants to replace all laws adopted by the European Union before Brexit with national law during the current legislative period. Even as Chancellor of the Exchequer, Sunak had introduced tax reforms that reduced taxes on incomes under £ 32,000 and increased taxes on incomes over £64,000, as well as an increase in corporate tax and a tax on excess profits from oil-producing companies.
Public image
In early 2020, following his appointment as Chancellor of the Exchequer, Sunak entered public discourse from relative discretion.
In the early stages of the COVID-19 pandemic, he was highly popular by the standards of British politics, with one analyst describing him as "better rated than any politician since the heyday of Tony Blair". Various polls showed that he remained overwhelmingly popular with Conservative supporters and many other Britons during 2020.
In an Ipsos MORI poll in September 2020, he had the highest satisfaction score of any British chancellor since Labor's Denis Healey in April 1978.
During this time, he was widely seen as the favorite to become the next Prime Minister and leader of the Conservative Party. Sunak developed something of a cult media following with jokes and gossip about his sex appeal that became widespread on social media and in magazines.
Public attitudes towards Sunak remained broadly positive in 2021, 838485 although his popularity steadily declined over time.
In early 2022, with the cost of living becoming a growing focus of public concern, Sunak's response, as chancellor, was perceived as inadequate and received some of his lowest approval ratings. This decline continued while the financial affairs of the Sunak family were under scrutiny.
Prime Minister of the UK (2022-Present)
Sunak was appointed Prime Minister of the United Kingdom by King Charles III on 25 October 2022, making him the first British Asian prime minister and the first Hindu to hold office.
Cabinet
Sunak began appointing his cabinet on 25 October 2022. He appointed Dominic Raab as Deputy Prime Minister, Secretary of State for Justice, and Lord Chancellor. Sunak reappointed Jeremy Hunt as Chancellor of the Exchequer and James Cleverly as Foreign Secretary.
Sunak controversially appointed Suella Braverman as Home Secretary and Nadhim Zahawi as Chairman of the Conservative Party.
Controversy
The party gate scandal in Britain caused Boris Johnson more grit. His flame also fell on Sunak. Sunak was also fined for the party gate scandal. He was issued a fixed penalty notice. The matter was heated after photos of this party and some emails were leaked. Sunak's popularity declined after this incident.
Why Rishi Sunak's Indian wife was in controversy, wealth was more than Queen Elizabeth Rishi Sunak's wife Akshata Murthy is the daughter of Indian businessman Narayan Murthy. He has shares in Infosys.
In such a situation, they earn billions every year from dividends only. After the resignation of Liz Truss, Indian-origin Rishi Sunak has been elected as the new Prime Minister of Britain.
For the first time, when Sunak was contesting elections, there was a dispute about his wife's income. Actually Sunak's wife Akshata Murthy is the daughter of Narayan Murthy, co-founder of Infosys Company.
