Rishi Sunak As of Tuesday, he will be the first non-white British president and the first Hindu to assume the post of Prime Minister of the United Kingdom. He is 42 years old, so he will also be the youngest premier in more than 200 years, a political prodigy whose youthful looks, smart suits, and confident, single-minded demeanor earned him the nickname “Dishy Rishi” (“Handsome Rishi”). in British media.
Resigning Prime Minister Liz Truss will hold her final cabinet meeting on Tuesday morning before sending her formal resignation to the king charles iiiwho will then appoint Rishi SunakDowning Street Government House reported.
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The new leader will address the country around 11:35 am (10:35 GMT).
The deputies of Conservative Party elected this Monday as the new leader and Prime Minister of the United Kingdom the former Minister of Economy Rishi Sunakwhich faces the task of recovering financial and political stability after the storm caused by the measures of Liz Truss.
Former analyst at Goldman Sachs bank and responsible for the British economy during the coronavirus pandemic, the new “tory” leader has used his financial experience to win the favor of his co-religionists.
Just four days after Truss announced his resignation, stalked by the collapse of the pound and the rise in debt caused by his aggressive tax cuts, Sunak has been the only candidate who has achieved the one hundred parliamentary endorsements necessary to run as his successor.
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Along the way have been former Prime Minister Boris Johnson, who threatened to return to the front line but finally refused to present himself as a candidate, and the former Minister of Defense Penny Mourdant, which did not obtain sufficient support among the deputies.
Sunakwho will be the third prime minister of the United Kingdom this year, he inherits the vast absolute parliamentary majority that Johnson achieved at the polls in 2019 and will be forced to call elections before the end of 2024.
THE ECONOMY AT THE CENTER OF HIS MANDATE
The former Minister of Economy he was already the favorite for the party leadership in last summer’s primaries, but lost a vote among members in which Truss’s promises to boost growth with an aggressive tax cut prevailed.
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In that campaign, Sunak He described those plans as “fairy tale economics” and predicted a financial crash if his rival were to execute his roadmap.
His accurate predictions, as well as his knowledge of the financial markets, played in his favor this time to seize power without the need to call a new vote among the affiliates.
Sunak studied Philosophy, Politics and Economics at the University of Oxford -the most common studies among the British political elite-, has an MBA from Stanford University (USA), worked for three years at Goldman Sachs and was later a partner in a high-risk investment fund.
He is married to Akshata Murthy, heiress to a business empire in India., and the joint fortune of the marriage is estimated at 730 million pounds (830 million euros).
During the coronavirus pandemic, it was he who designed from the Ministry of Economy the multimillion-dollar stimulus programs of the United Kingdom. Aware of the enormous debt that was accumulated with this aid, he was also the one who planned to raise the corporate tax from 19% to 25% next year, precisely one of the taxes that Truss planned to cut again.
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When Sunak appoints his new cabinet, expected from Tuesday, all eyes will be on the Economy portfolio.
Its current owner, Jeremy Hunt, has been in charge of reversing almost all of Truss’s fiscal plans and planned to appear in Parliament on the 31st to outline a medium-term financial plan with which to calm the markets.
HINDU PRIME MINISTER
Sunakthe first British head of government of the Hindu religion, was appointed as the next prime minister precisely on the day that Hindus celebrate the Diwali festival, one of the most important on their calendar.
“It is a historic moment”, said Sunder Katwala, director of the British Future think tank, dedicated to analyzing issues of immigration and identity.
“It shows that the highest positions in the UK are open to people of all faiths and ethnicities. This is a point of pride for many British Asians, including many who do not share Rishi Sunak’s conservative convictions.” Katwala added.
Scottish Chief Minister Nicola Sturgeon also welcomed Britain’s “first Asian to become Prime Minister”. It is a “truly significant” moment, she stressed.
I, Ronald Payne, am a journalist and author who dedicated his life to telling the stories that need to be said. I have over 7 years of experience as a reporter and editor, covering everything from politics to business to crime.