July 21, 2022 7:10 PM

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UK: Meteoric rise of Rishi Sunak within Conservative party

<span style="color: #222222;">Rishi Sunak, a British politician from conservative party served as Chancellor of the Exchequer from 2020 to 2022. He has been a Member of Parliament (MP) for Richmond (Yorks) since 2015.<br />''<br />''Sunak was born in Southampton on 12th May 1980  to Indian parents who migrated from East Africa. He was educated at Winchester College. He studied Philosophy, Politics, and Economics (PPE) at Lincoln College, Oxford, and was awarded an MBA degree from Stanford University. He is married to Akshata Murty, the daughter of N. R. Narayana Murthy, who founded Infosys. Sunak and Murthy are the 222nd richest people in Britain, with a combined fortune of £730m as of 2022.<br />''<br />''In July 2019 he was appointed Chief Secretary to the Treasury, having entered Government service as the Minister for Local Government in January 2018. In February 2020, he was appointed Chancellor of the Exchequer, a position he holds until July 2022.<br />''<br />''He has worked for Goldman Sachs as well as was a partner at the hedge fund firms The Children's Investment Fund Management and Theleme Partners.<br />''<br />''As Chancellor, Sunak was prominent in the government's economic response to the economic ramifications of the government's decision to impose a lockdown to deal with the COVID-19 pandemic in the United Kingdom. In April 2022, he became the first Chancellor in British history to have been sanctioned for breaking the law while in office after being issued a fixed penalty notice for breaching COVID-19 regulations during lockdowns. He resigned as Chancellor on 5 July 2022, citing the economic policy differences between himself and Johnson in his resignation letter. On 8 July 2022, Sunak announced his candidacy to replace Boris Johnson in the Conservative party leadership election.<br />''<br />''If elected to lead the Tories, Mr. Sunak will be Britain's first non-white and Indian-origin Prime Minister.</span>

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