Rishi Sunak

British Prime Minister Boris Johnson has agreed to step down as the Conservative Party Leader. Till the election of the new British PM in October, ...

He was also widely criticised for the tax-and-spend budget in 2021 and not giving enough cost-of-living support to households. In this post, he was responsible for steering away the British economy through its worst economic crisis due to the pandemic. The embattled leader is likely to formally announce his resignation in an address to the UK later today.

Rishi Sunak, whose resignation as Chancellor of the exchequer triggered an avalanche of resignations against Boris Johnson, is believed to be a contender ...

He's seen by the bookmakers Ladbrokes as joint favorite alongside former Defence Secretary Penny Mordaunt. He became hugely popular during the pandemic after crafting a massive package worth tens of billions of pounds to help businesses and workers. A teetotaller, he was also fined for defying the Covid lockdown and participating in a Downing Street gathering. Here are the 5 points on Rishi Sunak

Rishi Sunak — the former finance minister— with his Indian roots and ties to Infosys co-founder Narayana Murthy has been tipped to become the next prime ...

The CNN reports that Sunak had struggled to keep down spiralling inflation and was criticised by opposition parties for what they call a slow and inadequate series of financial measures. The 42-year-old Rishi Sunak was born in UK’s Southampton area to an Indian family of a pharmacist mother and a National Health Service (NHS) general practitioner (GP) father. When Boris Johnson ordered the first nationwide lockdown owing to the COVID-19 pandemic, he crafted a massive financial rescue package to safeguard millions of jobs. Polls among Tory members show that Sunak has a high approval — a YouGov poll on 6-7 July put Sunak well above former Health Minister Sajid Javid and Home Secretary Priti Patel, with the support of 10 per cent. He added, “And I’ve today appointed a Cabinet to serve, as I will, until a new leader is in place. Any candidates who run for the leadership will go through rounds of voting by Conservative lawmakers until only two remain — at which point Conservative Party members nationwide will vote.

Rishi Sunak, whose resignation as the Chancellor of the exchequer triggered a series of resignations against UK PM Boris Johnson, is believed to be the ...

Rishi Sunak became popular during the COVID-19 pandemic for his economic package to support employees and businesses comprising a jobs retention programme, ...

The tax status permits a person who was born in another country, or if their parent is from another country, to pay tax in the UK only on the income they earn in the country. Sunak first became a Member of Parliament (MP) in 2015 after he got elected from Richmond, Yorkshire. He swiftly rose through the ranks of the Conservative party and supported calls for ‘Brexit’. Sunak was among Johnson’s supporters during his ‘leave EU’ campaign. His grandparents are from Punjab. According to reports, Sunak's family migrated to seek a better life in East Africa, but when the trouble started in the region amid widespread sentiments against Indians, his grandfather shifted base to Britain. Sunak is an Oxford University and Stanford graduate. His standing was damaged by revelations about his wealthy wife’s non-domicile tax status and a fine he received, along with Johnson, for violating the COVID lockdown rules. He was praised for a COVID-19 economic rescue package, comprising an expensive jobs retention programme that averted mass unemployment in the country. Foreign Secretary Liz Truss, Home Secretary Priti Patel, and Suella Braverman who is another Indian-origin MP are other frontrunners for the top job.

Prime minister Rishi Sunak – reportedly the richest MP in Parliament – would be a boon for the financial lobby, tax justice campaigners have warned.

Sir Chris Hohn, the fund's founder paid himself a record £343m in the first year of the pandemic. Last year, Sunak was heavily criticised for axing a £20-a-week increase to Universal Credit that had helped some of the poorest families through the pandemic. In media profiles, Sunak’s allies describe him as “immaculate”, “calm” and “organised”, qualities befitting of a former Winchester head of college.

Ex-chancellor is biggest hitter to declare so far - with Liz Truss and Jeremy Hunt set to follow within days.

Start your Independent Premium subscription today. My mum studied hard and got the qualifications to become a pharmacist. She met my dad, an NHS GP, and they settled in Southampton.

Rishi Sunak, who's resignation as chancellor this week eventually led to the current prime minister saying he will quit the role, said he wants to replace ...

“Someone has to grip this moment and make the right decisions. “Our country faces huge challenges, the most serious for a generation. He said his colleague "represents a return to traditional Conservative values and has an exciting vision for the future of our country".

Former chancellor throws his hat into the ring in race to succeed Boris Johnson.

“Let me tell you a story … I’m standing to be the next leader of the Conservative party and your prime minister,” he said. He has, however, experienced controversy over his wealth and tax affairs. Sunak resigned from Johnson’s government on Tuesday evening, saying the public expected government to be conducted “properly, competently and seriously”. His resignation, minutes after the departure of Sajid Javid as health secretary, helped spark the crisis that led to Johnson announcing on Thursday that he would quit as Tory leader.

Rishi Sunak has announced his candidacy for UK prime minister in the wake of Boris Johnson's resignation.

Sunak shared a campaign video on Twitter saying, 'Someone has to grip this moment and make the right decisions. That's why I'm standing to be the next ...

“We must now live with the fact that Boris Johnson will be prime minister until a successor can be voted on." Sharing a campaign video on Twitter, Sunak said, "Someone has to grip this moment and make the right decisions. Sunak shared a campaign video on Twitter saying, 'Someone has to grip this moment and make the right decisions.

Rishi Sunak, former chancellor, today launched his bid to become the next UK prime minister following Boris Johnson's resignation yesterday.

"She managed to find a job. "Someone has to grip this moment and make the right decisions. That's why I'm standing to be the next leader of the Conservative Party and your prime minister," Sunak said in a campaign video released on Twitter.

Why it matters: Sunak's shock resignation Tuesday from the second-most powerful position in the British Cabinet helped trigger Johnson's ouster. The son of ...

Boris Johnson on Thursday announced his resignation as head of the U.K. Conservative Party, but promised to stay on as prime minister until a new party leader is chosen. In remarks outside 10 Downing Street, Johnson said this was a "painful" moment, and noted that he'd fought hard to avoid it. But he's joining a crowded field in what appears to be one of the most wide-open party leadership races in recent memory Background: The 42-year-old Sunak became a member of Parliament in 2015 after working for Goldman Sachs and a pair of hedge funds. Why it matters: Sunak's shock resignation Tuesday from the second-most powerful position in the British Cabinet helped trigger Johnson's ouster. Rishi Sunak, the former chancellor of the exchequer — or finance minister — launched his campaign Friday to replace Boris Johnson as leader of the Conservative Party and U.K. prime minister.

Former UK finance minister announces bid to replace Prime Minister Boris Johnson, who said he will step down.

“The prime minister is acting in line with convention. “Someone has to grip this moment and make the right decisions. He remains prime minister until a new party leader is in place and the work of the government will continue whilst that takes place,” he told reporters. I’m standing to be the next leader of the Conservative Party and your Prime Minister. That’s why I’m standing to be the next leader of the Conservative Party and your prime minister,” Sunak said in a video posted on Twitter. The rules and timetable for the contest to replace Johnson are due to be set out next week by a party committee.

Sunak was one of two surprise resignations that resulted in Boris Johnson standing down as PM. Read more at straitstimes.com.

The Opinium poll for Channel 4 News consulted 493 party members. “Someone has to grip this moment and make the right decisions. Sunak said in his resignation letter it had become clear that his approach to the economy had been too different to Johnson’s, as the two had tried to agree on the next steps for the country.

Former chancellor vows to avoid 'comforting fairy tales' in sideswipe at Johnson's Panglossian approach.

The former chancellor vows to "rebuild the economy" as he enters the race to succeed Boris Johnson.

The Tory MP explained how his mother went on to run her own pharmacy, and met his father, a GP, in Southampton. His resignation and that of Mr Javid triggered a mass exodus of ministers and precipitated the downfall of Mr Johnson's government. In his resignation letter, Mr Sunak said "the public rightly expect government to be conducted properly, competently and seriously". Pointing to his credentials to be leader, Mr Sunak said he had run the "toughest department in government during the toughest times when we faced the nightmare of Covid". Announcing his decision to stand in a social media video, Mr Sunak said he wanted to "restore trust, rebuild the economy and reunite the country". Rishi Sunak has entered the race to be the next leader of the Conservative Party and prime minister.