What to know about British New Prime Minister: Rishi Sunak.

Rishi Sunak is a British politician and financier who was born on May 12, 1980, in Southampton, England. In October 2022, he became the leader of the Conservative Party. He was chancellor of the Exchequer from 2020 to 22.

What to know about British New Prime Minister: Rishi Sunak.

Rishi Sunak is a British politician and financier who was born on May 12, 1980, in Southampton, England. In October 2022, he became the leader of the Conservative Party. He was chancellor of the Exchequer from 2020 to 22.
Sunak's upbringing Sunak was born into an immigrant family. Sunak means "Great teacher" in Sanskrit and it is pronounced as " SU-nak". Rishi means 
"Sage, Ray of Light" in also Sanskrit. In Hindu mythology, the Rishis were sages and seers. Rishi is pronounced as "Rih-SHiy"

His parents were born in Tanzania and Kenya, respectively, after his grandparents left Punjab, which is in the northwestern part of India, for East Africa. After their families moved to Southampton in southern England in the 1960s, they met and got married there. Sunak's father worked for the National Health Service as a general practitioner. Sunak, the eldest of their three children, would eventually keep the books for his mother's small pharmacy, which she owned and operated. Sunak would later, during his political career, draw parallels between the values he developed while working in his family's business and those of Conservative Party icon Margaret Thatcher, who was the daughter of a grocer.
Sunak was able to attend Winchester College, a prestigious private school that has produced six chancellors of the Exchequer, thanks to his parents' efforts to save for his education. Sunak was the editor of the school newspaper as well as the "head boy" at Winchester. He worked as a waiter at an Indian restaurant in Southampton during the summer. Sunak continued his education at Lincoln College in Oxford, where he majored in philosophy, politics, and economics—the same fields of study that a lot of future prime ministers pursued. He was president of the Oxford Trading & Investment Society there, which gave students chances to learn about global trading and financial markets. Sunak also worked as an intern at the Conservative Party's headquarters while he was at Oxford.
Sunak joined Goldman Sachs as an analyst in 2001 after graduating from Oxford, where he remained employed until 2004.He went on to earn an MBA at Stanford University as a Fulbright scholar, where he met Akshata Murthy, his future wife and the daughter of Narayana Murthy, an Indian billionaire and cofounder of Infosys. Sunak went back to the UK in 2006 and got a job at The Children's Investment Fund Management (TCI), a hedge fund run by Sir Chris Hohn. About two years later, Hohn made Sunak a partner. Sunak joined Theleme Partners, a different hedge fund, after leaving TCI in 2009. He married Murthy that year;Two daughters would be born to them. The couple began to amass a substantial fortune, which would be approximately £730 million ($877 million) in 2022, according to The Sunday Times, thanks to Sunak's business success and his wife's 0.91 percent stake in Infosys. (At up to £1 billion, or $1.2 billion, Akshata Murthy's net worth was estimated by some sources.)
Political career Sunak joined the Conservative Party in 2010.He also became involved with Policy Exchange, a prominent conservative think tank. In 2014, he became the head of the BME Research Unit at Policy Exchange. Sunak co-authored the pamphlet A Portrait of Modern Britain with deputy head of the BME unit Saratha Rajeswaran in that same year for Policy Exchange. Sunak was selected as the Conservative Party's candidate in 2014 to represent Richmond in North Yorkshire in the House of Commons. Richmond is a secure Conservative seat in the north of England that has been held by William Hague since 1997–2001.Sunak was elected with a large majority in May 2015.On the subject of Brexit, which he claimed would make the United Kingdom "freer, fairer, and more prosperous," he was a Euroskeptic when he took office. He was re-elected to Parliament in 2017 and 2019, and he voted three times in favor of Brexit plans proposed by Prime Minister Theresa May.
He served as parliamentary private secretary at the Department for Business, Energy, and Industrial Strategy from 2015 to 2017. He was also a member of the Environment, Food, and Rural Affairs Select Committee. He was given the position of undersecretary of state at the Ministry of Housing, Communities, and Local Government, which was his first ministerial position, in January 2018.Sunak became a vocal supporter of Boris Johnson's efforts to lead the party. When Johnson became leader and prime minister, he gave Sunak a promotion and named him chief secretary to the Treasury in July 2019.
Rishi Sunak Sunak stood to become the first Hindu and first person of color to lead Britain. In order to accomplish this, he would need to overcome the perception among some Conservatives that he is too wealthy to understand the needs of the average British citizen during a time of devastating inflation and the reservations of other Conservatives who were put off by the tax increases that Sunak had imposed on corporations and national insurance in an effort to help offset the costs of the government's pandemic relief programs. Additionally, he would need to overcome the perception that he is too wealthy to understand the needs of the average British citizen. On September 5, the election results were made public. Sunak received 42.6% of the vote, while Truss, who became the party leader, received 57.4%.
With just over six weeks, Truss's term would be the shortest in British history. Her plan to impose unfunded tax cuts worth £45 billion ($50 billion) and a two-year price cap on energy promised to open a gaping budget deficit and panic financial markets. Truss announced her resignation on October 20 and initiated a second leadership race.
For the candidate to be eligible this time around, 100 nominations from Conservative MPs were required. It meant that with 357 Conservative MPs, only three candidates could be considered. The members of the party would then vote on the two finalists once more. Sunak was the early favorite because he still had a lot of MPs' support. Penny Mordaunt, leader of the House of Commons, was the first to announce her candidacy, but she received little support. Ben Wallace, the Defense Secretary, appeared to be a popular choice, but he didn't run. Instead, he gave conditional support to Johnson, who suddenly came back into the race despite having been ousted from office only a few months earlier. Johnson's continued popularity with the party membership was one reason. Johnson abruptly returned to the United Kingdom from a vacation in the Dominican Republic as tensions increased. All of this happened in just a few days. Johnson withdrew from consideration on October 23, one day before the due date for nominations. More than half of the MPs had already said they would nominate Sunak by the beginning of October. When Mordaunt pulled out of the race just before the deadline, Sunak, the only remaining candidate, was guaranteed to be elected party leader, paving the way for him to become prime minister.

What's Your Reaction?