All About Rishi Sunak

Rishi Sunak - Political Career

The political career of Rishi Sunak started in 2014 after he contested from the Conservative Party's stronghold Richmond. He became an MP In the 2015 general election & served as a member of the 'Environment, Food, and Rural Affairs' Committee.

He was a supporter of the iconic Brexit movement. He won again with an increased majority in the 2016 General Election and was the parliamentary under-secretary for local government from 2018 to 2019. In 2019, he supported Boris Johnson in the Conservative Party Leadership Election and also was re-elected again with an increased majority.

In July of the same year, he was appointed as Chief Secretary to the Treasury under Sajid Javid. He was also part of the Privy Council.

In 2020, in the cabinet reshuffle, Rishi Sunak was appointed as Chancellor of the Exchequer. It was a tough time for not just the UK, but the world as the global population took a massive hit from the COVID-19 pandemic. His first budget was presented during this time period, and some of his policies garnered flak from the opposition parties.

The ministry introduced the Job retention scheme and also a program that provided over 330 billion as emergency funds for businesses. Eat Out to Help Out was another major move from Sunak to counter the impact of Covid on the Hospitality sector.

After many other stints, such as G7 tax reform and a proposal for a green levy, Sunak had to receive flak from the opposition party leader Keir Strammer stated that Sunak was unaware of the hardships of the common folk amidst the cost of living crisis.

Followed by the Chris Pincher controversy, Sunak and many major leaders of the cabinet submitted their resignations.

Rishi Sunak - Leadership

Following the resignation of Boris Johnson, Sunak stood in the election to replace him as the leader. He and Liz Truss were the final contenders for the same. However, Liz Truss was elected and took charge as the PM of the UK.

However, due to the "Mini Budget" initiative and the widespread backlashes it received across the nation (due to the fall of the pound's value), Liz Truss resigned just after 50 days.

This paved the way for Rishi Sunak's unopposed leadership. He assumed the position on 24th October 2022.

Rishi Sunak - Networth

The net worth of Rishi Sunak with his wife, Akshata Murthy, together comes to around 730 million pounds. Both of them were featured in the Sunday Times Rich List 2022. The family also has multiple properties in the UK and the US.

Rishi Sunak - Home

As the Prime Minister, Rishi Sunak will be settling down in 10 Downing Street, which is the official residence of the PM in West Minister, London, for his term in office.

However, the family has a Five-bedroom home in Central London, complete with two reception rooms and a classy garden. The property is said to be worth around 7 Billion pounds now. The family of Rishi Sunak also owns other properties in London and also a penthouse in California. Designed by Marmol Radziner, the residence is quite stunning, with an amazing view.

Rishi Sunak - Achievements

Rishi Sunak has a list of achievements while he was the Chancellor of the Exchequer in the UK and still adding up to his achievements being the current Prime Minister of the United Kingdom. Below are some of the major achievements gained by Rishi Sunak.

• COVID-19 Economic Response: Rishi Sunak has implemented a range of economic measures and has played a crucial role in supporting individuals and businesses during the pandemic.

• "Eat Out to Help Out": The "Eat Out to Help Out" program by Ruishi Sunak successfully strengthened the hospitality sector in the UK. The program majorly focuses on offering discounts on the eatery, including restaurants, cafes, and pubs, thereby boosting the business as well as helping individuals.

• Global Tax Reform: With the exceptional leadership quality of Rishi Sunak, the UK hosted the G7 Tax Reform Summit in 2021, leading it to reach nationwide and leading to the agreement of a global minimum corporate tax rate. This was one of the major achievements for Rishi Sunakl as well as for the International Tax Policy.

• Green Initiative: "The Green Levy", one of the programs introduced by Rishi Sunak, addresses the environmental concern. It mainly aims at reducing carbon emissions, thereby promoting sustainability.

And, that is just a glimpse of what Rishi SunaK has achieved in his overall career and it continues.

So that's mostly about Rishi Sunak, the new PM of the UK.