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Rishi Sunak, the ambitious minister who could run for Tory leader

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Rishi Sunak resigned the day before (Tuesday) as head of the British government’s economy due to disagreements with the prime minister, Boris Johnsonwhich puts his political career at risk, but at the same time clears the way to eventually opt to succeed him.

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Sunak admits in his resignation letter that this may be his last “ministerial job”but stresses that standards of good conduct “import” and distances himself from the lack of “seriousness and competence” of the chief executive.

Returning to his deputy seat, the politician “tory” he will be able, if that is what he wants, to forge alliances in the face of a replacement for Johnson, who for now is still supported by some of his ministers, although he suffered the march, also on the eve (Tuesday), of the Health, Sajid Javid.

With his employment and investment protection plan during the pandemic, Sunak became one of the government’s favorite members “tory” and he was seen as a potential candidate for future prime minister and leader of the Conservative Party.

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However, a controversy over the tax situation of his wife, Akshata Murtydaughter of an Indian tycoon, dimmed his prospects and was presented in the press as a millionaire far removed from the concerns of the general public.

Nor did it contribute to his popularity having been fined for participating in one of the parties that violated the anti-COVID regulations in the Downing Street offices, for which he apologized, although he always defended that he was only passing through.

Sunak came to the position of chancellor of the Exchequer – the most important after that of prime minister – on February 13, 2020, precisely replacing Javid, who also resigned for the first time due to differences with Johnson.

Previously, the 42-year-old politician had been head of the Treasury since July 2019, after making his debut as an MP in the House of Commons in 2015 after a career in the finance sector.

He held positions at several financial firms, including the investment bank Goldman Sachs and the venture capital fund The children’s investment Fund Management.

In 2010 he joined another fund manager, Theleme Partnersand was director of Catamaran Venturesowned by his father-in-law, Indian millionaire NR Narayana Murthy.

Raised in the city of Southampton (South English), the minister, of Hindu religion, is the son of Yashvir, who was a doctor, and Usha Sunak, a pharmacist, and the grandson of immigrants from the Indian region of Punjab, who came to the United Kingdom in the 1960s from East Africa.

Sunak, the eldest of three brothers, was educated at the elite private school in Winchester and, as is typical among the political class of this country, he graduated in Philosophy, Politics and Economics (PPE, in English) from the English University of Oxford .

He completed his studies with a master’s degree in Business Administration at the American University of Stanford -which he accessed with a Fulbright scholarship-, where he met his wife, mother of his two girls and daughter of the co-founder of the multinational Infosys.

From what is known of his political profile, it is known that he supported leaving the European Union (EU) in the 2016 consultation and supported the agreement negotiated with Brussels by the former Prime Minister, Theresa May, rejected three times by Parliament. .

At the head of the Ministry of Economy, Sunak has had to deal above all with the effects of COVID and, although his initial reaction in support of the economy was appreciated, lately he has been criticized for his plan to raise taxes, something with which it seems Johnson also disagreed.

Source: Gestion

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