Difference between revisions of "Rishi Sunak"

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{{person
 
{{person
−
|constitutes=politician
+
|constitutes=politician, hedge fund manager, banker
 
|wikipedia=https://en.wikipedia.org/wiki/Rishi_Sunak
 
|wikipedia=https://en.wikipedia.org/wiki/Rishi_Sunak
−
|image=RLB_Rishi_Sunak.jpg
+
|image=Charles_Rishi.jpg
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|image_width=240px
+
|image_width=320px
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|image_caption=Debating with [[Rebecca Long-Bailey]]
+
|nationality=UK
 +
|image_caption=[[King Charles III]] "kissing hands" with Rishi Sunak
 
|birth_date=12 May 1980
 
|birth_date=12 May 1980
 
|birth_place=Southampton
 
|birth_place=Southampton
−
|alma_mater=Lincoln College (Oxford)
+
|interests=Brexit, Permanent war mentality
 +
|description=Very rich [[Goldman Sachs]] bankster installed as UK Prime Minister in 2022. Resigned in 2024.
 +
|alma_mater=Winchester College, Lincoln College (Oxford), Stanford Graduate School of Business
 +
|spouses=Akshata Murty
 
|employment={{job
 
|employment={{job
 +
|title=UK/Prime Minister
 +
|start=25 October 2022
 +
|end=5 July 2024
 +
}}{{job
 +
|title=Leader of the Conservative Party
 +
|start=24 October 2022
 +
|end=
 +
}}{{job
 
|title=Chancellor of the Exchequer
 
|title=Chancellor of the Exchequer
 
|start=13 February 2020
 
|start=13 February 2020
−
|end=
+
|end=5 July 2022
 +
|appointer=Boris Johnson
 
}}{{job
 
}}{{job
 
|title=Chief Secretary to the Treasury
 
|title=Chief Secretary to the Treasury
 
|start=24 July 2019
 
|start=24 July 2019
 
|end=13 February 2020
 
|end=13 February 2020
 +
|appointer=Boris Johnson
 
}}{{job
 
}}{{job
−
|title=Member of Parliament for Richmond North Yorkshire
+
|title=UK/Member of Parliament for Richmond North Yorkshire
 
|start=7 May 2015
 
|start=7 May 2015
 
|end=
 
|end=
 
}}
 
}}
 
}}
 
}}
−
''' Rishi Sunak''' is a British [[Conservative Party]] politician who is serving as the [[Chancellor of the Exchequer]] since 13 February 2020.<ref>''[https://www.theguardian.com/politics/2020/feb/13/sajid-javid-resigns-as-chancellor-amid-boris-johnson-reshuffle "Sajid Javid resigns as chancellor in Boris Johnson reshuffle"]''</ref> He previously served as [[Chief Secretary to the Treasury]] from July 2019 to February 2020, and has been the [[Member of Parliament]] (MP) for Richmond (Yorks) since the UK/2015 General Election.
+
''' Rishi Sunak''' is a British [[Conservative Party]] politician who became [[Prime Minister of the United Kingdom]] in 2022. He was [[Chancellor of the Exchequer]] from 13 February 2020<ref>''[https://www.theguardian.com/politics/2020/feb/13/sajid-javid-resigns-as-chancellor-amid-boris-johnson-reshuffle "Sajid Javid resigns as chancellor in Boris Johnson reshuffle"]''</ref> until he resigned on 5 July 2022.<ref>''[https://www.bbc.co.uk/news/uk-politics-62099272 "Ex-Chancellor Rishi Sunak launches bid to be Conservative leader"]''</ref>
 +
He was previously [[Chief Secretary to the Treasury]] from July 2019 to February 2020, and has been the [[Member of Parliament]] (MP) for Richmond (Yorks) since the [[UK/General election/2015]].
 +
 
 +
He resigned as Prime Minister on 5 July 2024, after the [[Tory]] vote collapsed in the [[UK/General election/2024]], and [[Labour]] won a landslide victory.<ref>''[https://www.theguardian.com/politics/ng-interactive/2024/jul/04/uk-general-election-results-2024-live-in-full "UK general election results in full: Labour wins in landslide"]''</ref>
 +
 
 +
==Background==
 +
{{YouTubeVideo
 +
|code=9V0mZMabo6k
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|align=left
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|width=500px
 +
|caption=''Rishi Sunak: Inside the Tory leadership candidate's fortune'' - Channel 4 News
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|date=
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}}
 +
 
 +
Born in Southampton, Hampshire to an Indian Punjabi family, Rishi Sunak's early education was head boy at [[Winchester College]]. Sunak subsequently studied Philosophy, Politics and Economics (PPE) at [[Lincoln College, Oxford]], and later gained an MBA from [[Stanford Graduate School of Business]] as a [[Fulbright scholar]] in 2006. None of his Stanford professors remembers him ever attending.<ref>https://www.indy100.com/politics/rishi-sunak-university-professors-stanford</ref>
 +
 
 +
==Investment banking==
 +
After graduating he worked for investment bank [[Goldman Sachs]], and later as a partner at [[Chris Hohn]]'s [[hedge fund]] management firm [[The Children's Investment Fund Management]] ([[TCI]]). Hohn is he biggest individual donor to [[Extinction Rebellion]].<ref>https://www.telegraph.co.uk/business/2022/03/25/extinction-rebellion-backing-hedge-fund-chief-hits-greenwashing/</ref>
 +
 
 +
In [[2009]],  Sunak co-founded [[Thélème Partners]]. He worked at Thélème from [[2009]] until [[2013]] when he left to enter politics.<ref>https://www.history.co.uk/articles/little-known-facts-about-rishi-sunak</ref>  In what is "perhaps a coincidence, but an intriguing one nonetheless"<ref name=expose/>, Thelema is also the occult spiritual philosophy and new religious movement founded in the early 1900s by [[Aleister Crowley]].<ref>See https://en.wikipedia.org/wiki/Thelema</ref>
 +
 
 +
Thélème Partners invested $500 million in [[Moderna]]. In November 2020, as soon as Moderna announced its [[Covid jab]] "could be up to 94.5 per cent effective," the UK immediately did a deal to buy five million doses. Sunak was Chancellor of the Exchequer at the time.<ref>https://www.gov.uk/government/people/rishi-sunak</ref> As of 2022, the market value of Thélème’s shareholding, at $915 million, made it the 6th top institutional investor in Moderna.<ref name=expose>https://expose-news.com/2022/10/28/rishi-sunak-theleme-and-moderna/</ref>
 +
 
 +
Thélème Partners is owned 75% or more by Theleme Services Ltd, which again is controlled by the Frenchman [[Patrick Degorce]].<ref>https://whalewisdom.com/filer/theleme-partners-llp#tabadv_ownership_tab_link</ref><ref>https://find-and-update.company-information.service.gov.uk/company/06978736/persons-with-significant-control</ref> In [[2011]], Degorce was one of the earliest investors in Moderna, when Moderna only had about ten employees and a market value of around $125 million.<ref>https://www.wsj.com/articles/the-millionaire-who-gave-moderna-a-shot-11601650821</ref>
 +
 
 +
===Personal===
 +
Rishi Sunak is a Hindu, and took his oath as an MP at the [[House of Commons]] on the Bhagavad Gita. In August 2009, he married [[Akshata Murty]], the daughter of the [[Indian]] billionaire N. R. Narayana Murthy, the founder of the technology company [[Infosys]]. Akshata Murty owns a 0.91% stake—valued at about $900m (£746m) in April 2022—in [[Infosys]], making her one of the wealthiest women in Britain.<ref>''[https://www.business-standard.com/article/opinion/lunch-with-bs-rishi-sunak-115080601060_1.html "Next UK PM Rishi Sunak on being British, Indian and Hindu at the same time"]''</ref> One of the "Independent Directors" of Infosys is [[Uri Levine]]<ref>https://www.infosys.com/newsroom/press-releases/2020/independent-director-appointment-20april2020.html</ref>, who formerly served in the [[Israeli]] technology spook outfit [[Unit 8200]].<ref>https://www.aaespeakers.com/keynote-speakers/uri-levine</ref>
 +
 
 +
Sunak and Murty met while studying at [[Stanford University]]; they have two daughters. Murty is a director of her father's investment firm, [https://find-and-update.company-information.service.gov.uk/company/08561424/officers Catamaran Ventures.] They own Kirby Sigston Manor in the village of Kirby Sigston, North Yorkshire, as well as a mews house in Earl's Court in central London, a flat on the Old Brompton Road, South Kensington, and a penthouse apartment on Ocean Avenue in Santa Monica, California. Sunak is a teetotaller, and has stated he is a fan of Coca-Cola. He was previously a governor of the East London Science School. Sunak has a Labrador called Nova and is a cricket, tennis and horse racing enthusiast.<ref>''[https://www.thetimes.co.uk/article/new-chancellor-rishi-sunak-adds-downing-street-address-to-his-bulging-property-portfolio-vtpzmvzcf "New chancellor Rishi Sunak adds Downing Street address to his bulging property portfolio"]''</ref>
 +
 
 +
Sunak's brother Sanjay is a psychologist. His sister Raakhi is the Chief of Strategy and Planning at [https://www.educationcannotwait.org/ Education Cannot Wait, the United Nations global fund for education.] Sunak is close friends with ''[[The Spectator]]'''s political editor [[James Forsyth]], whom he has known since their school days. Sunak was the best man at [[James Forsyth|Forsyth]]'s wedding to the journalist [[Allegra Stratton]], and they are godparents to each other's children. In April 2022, it was reported that Sunak and Murty had moved out of 11 Downing Street to a newly refurbished West London home. The Sunday Times Rich List 2022 named Sunak and Murty the 222nd wealthiest people in the [[UK]], with an estimated combined wealth of £730 million, making Sunak the "first frontline politician to join the rich list".<ref>''[https://www.theguardian.com/politics/2022/apr/07/akshata-murty-who-is-rishi-sunak-wife "Akshata Murty: Rishi Sunak’s wife and richer than the Queen"]''</ref>
  
 
==Campaigning==
 
==Campaigning==
−
In a televised debate during the [[UK/2019 General Election]] campaign, Labour's [[Rebecca Long-Bailey]] challenged Rishi Sunak, representing the Tories, when he said the last Labour government had crashed the economy:
+
[[File:RLB_Rishi_Sunak.jpg|right|300px|thumbnail|Debating with [[Labour Party|Labour]]'s [[Rebecca Long-Bailey]] ]]
 +
In a televised debate during the [[UK/2019 General Election]] campaign, Labour's [[Rebecca Long-Bailey]] rubbished Rishi Sunak, representing the Tories, when he said the last Labour government had crashed the economy:
 
:“We suffered a world banking crisis: your Chancellor ([[Sajid Javid]]) was working at [[Deutsche Bank]], selling the very derivatives that caused the crash in the first place."<ref>''[https://www.theguardian.com/politics/2019/nov/29/election-debate-the-nights-winners-and-losers "Election debate: the night’s winners and losers"]''</ref>
 
:“We suffered a world banking crisis: your Chancellor ([[Sajid Javid]]) was working at [[Deutsche Bank]], selling the very derivatives that caused the crash in the first place."<ref>''[https://www.theguardian.com/politics/2019/nov/29/election-debate-the-nights-winners-and-losers "Election debate: the night’s winners and losers"]''</ref>
  
−
And she challenged his claims about the impact of Labour’s plans, retorting:
+
And she rubbished his claims about the impact of Labour’s plans, retorting:
 
:"Secondly, when you talk about reckless spending plans, I think you were referred to recently in the media talking about the figure of £1.2 trillion spends which is a fabricated lie that the [[Conservative Party]] have been perpetrating over the last few weeks. We're the only party with a credible and detailed costing plan, to outline our plans and I haven't seen any costings for your party whatsoever."<ref>''[https://twitter.com/klalaaaaaa13/status/1227928849868087297 "RLB made the new chancellor cry. #reshuffle"]''</ref>
 
:"Secondly, when you talk about reckless spending plans, I think you were referred to recently in the media talking about the figure of £1.2 trillion spends which is a fabricated lie that the [[Conservative Party]] have been perpetrating over the last few weeks. We're the only party with a credible and detailed costing plan, to outline our plans and I haven't seen any costings for your party whatsoever."<ref>''[https://twitter.com/klalaaaaaa13/status/1227928849868087297 "RLB made the new chancellor cry. #reshuffle"]''</ref>
  
−
==Background==
+
==Leadership election==
−
Born in Southampton, Hampshire to an Indian Punjabi family, Rishi Sunak's early education was at Winchester College where he was head boy. Sunak subsequently studied Philosophy, Politics and Economics (PPE) at [[Lincoln College, Oxford]], and later gained an MBA from Stanford Graduate School of Business as a Fulbright scholar. After graduating he worked for investment bank [[Goldman Sachs]], and later as a partner at the [[hedge fund]] management firm the Children's Investment Fund Management.
+
Rishi Sunak and [[Liz Truss]] were the two remaining candidates in the [https://en.wikipedia.org/wiki/July–September_2022_Conservative_Party_leadership_election_(UK) July–September 2022 Conservative Party leadership election.] The result was decided by a ballot of [[Conservative Party]] members, which ended on 2 September 2022, and was announced on 5 September.<ref>''[https://www.bbc.co.uk/news/uk-politics-62068930 "Tory leadership: How will the new party leader and PM be chosen?"]''</ref> [[Liz Truss]] was elected [[Leader of the Conservative Party]] on 5 September 2022, and became Prime Minister the following day.<ref>''[https://www.bbc.co.uk/news/uk-politics-62068930 "Tory leadership: How will the new party leader and PM be chosen?"]''</ref>
 +
 
 +
On 20 October 2022, [[Liz Truss]] announced she would resign as Prime Minister, saying there would be a [[October 2022 Conservative Party leadership election|leadership election]] within a week.<ref>''[https://www.independent.co.uk/news/uk/politics/liz-truss-resigns-prime-minister-b2206868.html "Liz Truss news – live: PM resigns after less than seven weeks in Downing Street"]''</ref> Rishi Sunak was elected [[Leader of the Conservative Party]] on 24 October 2022 and appointed [[Prime Minister of the United Kingdom]] by [[King Charles III]] upon the resignation of [[Liz Truss]] on 25 October 2022.<ref>''[https://news.sky.com/story/tory-leadership-race-who-is-former-chancellor-rishi-sunak-12729190 "Who is Rishi Sunak? The UK's first British Asian prime minister"]''</ref>
 +
 
 +
==Little Britain==
 +
On 5 July 2023, [https://uk.linkedin.com/in/giles-wilkes-57bbb41 Giles Wilkes] wrote an article entitled "Ashes to Ashes: Is Rishi Sunak taking Britain back to the 1980s?" in ''The New European'', which concluded:{{QB|[[File:Little_Sunak.webp|300px|right|thumb|"Rishi Sunak has diminished the [[UK]]"]]
 +
:"Britain was once a place that could imagine progress and drive towards it. We knew we could do better, and saw examples of this just across the Channel. Even in the UK, it was normal to expect each generation to be better off than the one before. Both sides of politics still believed this was within reach, if only the right policies could be enacted. The cocktail of difficult reforms put together by the Thatcher government had a point to them – the transformation of Britain into a more entrepreneurial, free-market and outward-looking place. This involved a heap of pain, but it wasn’t pain for its own sake. Of course, much of it was too harsh, and clumsily or even cruelly delivered, but it also contained positive ideas like the European single market and reforms that (under [[New Labour]]) did finally help to end the scourge of ever-rising inflation and unemployment. There was something for subsequent governments to build on.
 +
 
 +
:"The pain that 'we' have to take today is of a different kind. Britons are now facing higher inflation and interest rates than in [[Germany]], [[Italy]], [[France]] or [[Spain]] because we have embarked upon a programme of regression. It will take years to disentangle all the factors, including the recovery from [[Covid]] and the [[Bank of England]]’s missteps. But I think stubborn inflation partly demonstrates how the motor of progress has been sabotaged. In the years since the [[Brexit]] referendum, investment has been weaker, the flow of immigrant labour seriously disrupted, and our supply chains crudely reconfigured. [[Brexit]] has led to a weaker economy and less revenue for the Treasury, and consequently under-resourced public services. Higher inflation is one way an economy displays its weakness. The metaphorical engine of the economy is beginning to sputter and smoke, and that squealing is the sound of us having to jam down the interest-rate brake harder than the rest.
 +
 
 +
:"Forty years ago, [[Britain]] led the world in economic reforms. Today, as [https://en.wikipedia.org/wiki/Economic_policy_of_the_Joe_Biden_administration Bidenomics] propels the [[US]] into a manufacturing boom, we are left fretting about whether we have the funds to be a follower. Under [[Thatcher]], sharply higher rates were part of a policy to drive the country into a better place. Today, they are just a painful acknowledgement that we have fallen into a worse one."<ref>''[https://www.theneweuropean.co.uk/ashes-to-ashes-is-rishi-sunak-taking-britain-back-to-the-1980s/ "Ashes to Ashes: Is Rishi Sunak taking Britain back to the 1980s?"]''</ref>}}
 +
 
 +
==UK 2024 Election==
 +
Sunak faced a very tough [[election]] campaign for the [[UK 2024 General Election]]. One of his most notorious ideas was threatening to revoke young people's driving licenses and 'access to finance' as possible sanctions for refusing national service.<ref>https://www.dailymail.co.uk/news/article-13553371/Rishi-Sunak-threatens-revoke-young-peoples-driving-licences-National-Service.html</ref>
 +
 
 
{{SMWDocs}}
 
{{SMWDocs}}
 
==References==
 
==References==

Latest revision as of 14:20, 6 July 2024

Person.png Rishi Sunak  Rdf-entity.pngRdf-icon.png
(politician, hedge fund manager, banker)
Charles Rishi.jpg
King Charles III "kissing hands" with Rishi Sunak
Born12 May 1980
Southampton
NationalityUK
Alma materWinchester College, Lincoln College (Oxford), Stanford Graduate School of Business
SpouseAkshata Murty
Founder ofTheleme Partners
Interests • Brexit
• Permanent war mentality
Very rich Goldman Sachs bankster installed as UK Prime Minister in 2022. Resigned in 2024.

Employment.png UK/Prime Minister Wikipedia-icon.png

In office
25 October 2022 - 5 July 2024
DeputyOliver Dowden, Dominic Raab
Preceded byLiz Truss
Succeeded byKeir Starmer

Employment.png Leader of the Conservative Party Wikipedia-icon.png

In office
24 October 2022 - Present
Preceded byLiz Truss

Employment.png Chancellor of the Exchequer Wikipedia-icon.png

In office
13 February 2020 - 5 July 2022
Appointed byBoris Johnson
Preceded bySajid Javid
Succeeded byNadhim Zahawi

Employment.png Chief Secretary to the Treasury Wikipedia-icon.png

In office
24 July 2019 - 13 February 2020
Appointed byBoris Johnson
Preceded byLiz Truss
Succeeded byStephen Barclay

Rishi Sunak is a British Conservative Party politician who became Prime Minister of the United Kingdom in 2022. He was Chancellor of the Exchequer from 13 February 2020[1] until he resigned on 5 July 2022.[2] He was previously Chief Secretary to the Treasury from July 2019 to February 2020, and has been the Member of Parliament (MP) for Richmond (Yorks) since the UK/General election/2015.

He resigned as Prime Minister on 5 July 2024, after the Tory vote collapsed in the UK/General election/2024, and Labour won a landslide victory.[3]

Background

Rishi Sunak: Inside the Tory leadership candidate's fortune - Channel 4 News

Born in Southampton, Hampshire to an Indian Punjabi family, Rishi Sunak's early education was head boy at Winchester College. Sunak subsequently studied Philosophy, Politics and Economics (PPE) at Lincoln College, Oxford, and later gained an MBA from Stanford Graduate School of Business as a Fulbright scholar in 2006. None of his Stanford professors remembers him ever attending.[4]

Investment banking

After graduating he worked for investment bank Goldman Sachs, and later as a partner at Chris Hohn's hedge fund management firm The Children's Investment Fund Management (TCI). Hohn is he biggest individual donor to Extinction Rebellion.[5]

In 2009, Sunak co-founded Thélème Partners. He worked at Thélème from 2009 until 2013 when he left to enter politics.[6] In what is "perhaps a coincidence, but an intriguing one nonetheless"[7], Thelema is also the occult spiritual philosophy and new religious movement founded in the early 1900s by Aleister Crowley.[8]

Thélème Partners invested $500 million in Moderna. In November 2020, as soon as Moderna announced its Covid jab "could be up to 94.5 per cent effective," the UK immediately did a deal to buy five million doses. Sunak was Chancellor of the Exchequer at the time.[9] As of 2022, the market value of Thélème’s shareholding, at $915 million, made it the 6th top institutional investor in Moderna.[7]

Thélème Partners is owned 75% or more by Theleme Services Ltd, which again is controlled by the Frenchman Patrick Degorce.[10][11] In 2011, Degorce was one of the earliest investors in Moderna, when Moderna only had about ten employees and a market value of around $125 million.[12]

Personal

Rishi Sunak is a Hindu, and took his oath as an MP at the House of Commons on the Bhagavad Gita. In August 2009, he married Akshata Murty, the daughter of the Indian billionaire N. R. Narayana Murthy, the founder of the technology company Infosys. Akshata Murty owns a 0.91% stake—valued at about $900m (£746m) in April 2022—in Infosys, making her one of the wealthiest women in Britain.[13] One of the "Independent Directors" of Infosys is Uri Levine[14], who formerly served in the Israeli technology spook outfit Unit 8200.[15]

Sunak and Murty met while studying at Stanford University; they have two daughters. Murty is a director of her father's investment firm, Catamaran Ventures. They own Kirby Sigston Manor in the village of Kirby Sigston, North Yorkshire, as well as a mews house in Earl's Court in central London, a flat on the Old Brompton Road, South Kensington, and a penthouse apartment on Ocean Avenue in Santa Monica, California. Sunak is a teetotaller, and has stated he is a fan of Coca-Cola. He was previously a governor of the East London Science School. Sunak has a Labrador called Nova and is a cricket, tennis and horse racing enthusiast.[16]

Sunak's brother Sanjay is a psychologist. His sister Raakhi is the Chief of Strategy and Planning at Education Cannot Wait, the United Nations global fund for education. Sunak is close friends with The Spectator's political editor James Forsyth, whom he has known since their school days. Sunak was the best man at Forsyth's wedding to the journalist Allegra Stratton, and they are godparents to each other's children. In April 2022, it was reported that Sunak and Murty had moved out of 11 Downing Street to a newly refurbished West London home. The Sunday Times Rich List 2022 named Sunak and Murty the 222nd wealthiest people in the UK, with an estimated combined wealth of £730 million, making Sunak the "first frontline politician to join the rich list".[17]

Campaigning

Debating with Labour's Rebecca Long-Bailey

In a televised debate during the UK/2019 General Election campaign, Labour's Rebecca Long-Bailey rubbished Rishi Sunak, representing the Tories, when he said the last Labour government had crashed the economy:

“We suffered a world banking crisis: your Chancellor (Sajid Javid) was working at Deutsche Bank, selling the very derivatives that caused the crash in the first place."[18]

And she rubbished his claims about the impact of Labour’s plans, retorting:

"Secondly, when you talk about reckless spending plans, I think you were referred to recently in the media talking about the figure of £1.2 trillion spends which is a fabricated lie that the Conservative Party have been perpetrating over the last few weeks. We're the only party with a credible and detailed costing plan, to outline our plans and I haven't seen any costings for your party whatsoever."[19]

Leadership election

Rishi Sunak and Liz Truss were the two remaining candidates in the July–September 2022 Conservative Party leadership election. The result was decided by a ballot of Conservative Party members, which ended on 2 September 2022, and was announced on 5 September.[20] Liz Truss was elected Leader of the Conservative Party on 5 September 2022, and became Prime Minister the following day.[21]

On 20 October 2022, Liz Truss announced she would resign as Prime Minister, saying there would be a leadership election within a week.[22] Rishi Sunak was elected Leader of the Conservative Party on 24 October 2022 and appointed Prime Minister of the United Kingdom by King Charles III upon the resignation of Liz Truss on 25 October 2022.[23]

Little Britain

On 5 July 2023, Giles Wilkes wrote an article entitled "Ashes to Ashes: Is Rishi Sunak taking Britain back to the 1980s?" in The New European, which concluded:

"Rishi Sunak has diminished the UK"
"Britain was once a place that could imagine progress and drive towards it. We knew we could do better, and saw examples of this just across the Channel. Even in the UK, it was normal to expect each generation to be better off than the one before. Both sides of politics still believed this was within reach, if only the right policies could be enacted. The cocktail of difficult reforms put together by the Thatcher government had a point to them – the transformation of Britain into a more entrepreneurial, free-market and outward-looking place. This involved a heap of pain, but it wasn’t pain for its own sake. Of course, much of it was too harsh, and clumsily or even cruelly delivered, but it also contained positive ideas like the European single market and reforms that (under New Labour) did finally help to end the scourge of ever-rising inflation and unemployment. There was something for subsequent governments to build on.
"The pain that 'we' have to take today is of a different kind. Britons are now facing higher inflation and interest rates than in Germany, Italy, France or Spain because we have embarked upon a programme of regression. It will take years to disentangle all the factors, including the recovery from Covid and the Bank of England’s missteps. But I think stubborn inflation partly demonstrates how the motor of progress has been sabotaged. In the years since the Brexit referendum, investment has been weaker, the flow of immigrant labour seriously disrupted, and our supply chains crudely reconfigured. Brexit has led to a weaker economy and less revenue for the Treasury, and consequently under-resourced public services. Higher inflation is one way an economy displays its weakness. The metaphorical engine of the economy is beginning to sputter and smoke, and that squealing is the sound of us having to jam down the interest-rate brake harder than the rest.
"Forty years ago, Britain led the world in economic reforms. Today, as Bidenomics propels the US into a manufacturing boom, we are left fretting about whether we have the funds to be a follower. Under Thatcher, sharply higher rates were part of a policy to drive the country into a better place. Today, they are just a painful acknowledgement that we have fallen into a worse one."[24]

UK 2024 Election

Sunak faced a very tough election campaign for the UK 2024 General Election. One of his most notorious ideas was threatening to revoke young people's driving licenses and 'access to finance' as possible sanctions for refusing national service.[25]


 

Appointments by Rishi Sunak

AppointeeJobAppointedEnd
Kemi BadenochUK/Business and Trade Secretary7 February 20235 July 2024
Kemi BadenochUK/International Trade Secretary6 September 20227 February 2023
Stephen BarclayUK/Environment Secretary13 November 2023
Stephen BarclaySecretary of State for Health25 October 202213 November 2023
Suella BravermanHome Secretary25 October 202213 November 2023
David CameronUK/Foreign Secretary13 November 20235 July 2024
James CleverlyHome Secretary13 November 2023
James CleverlyUK/Foreign Secretary6 September 202213 November 2023
Thérèse CoffeyUK/Minister/Environment25 October 202213 November 2023
Claire CoutinhoSecretary of State for Energy Security and Net Zero31 August 2023
Oliver DowdenUnited Kingdom/Deputy Prime Minister21 April 2023
Zac GoldsmithMinister of State for Asia Energy Climate and Environment25 October 202230 June 2023
Michael GoveMinister for Intergovernmental Relations25 October 2022
Michael GoveSecretary of State for Communities and Local Government25 October 2022
Damian HindsMinister/State for Prisons27 October 2022
Gillian KeeganUK/Minister/Education25 October 2022
Johnny MercerMinister of State for Veterans' Affairs25 October 2022
Andrew MitchellMinister of State for Development25 October 2022
Jesse NormanMinister of State for Decarbonisation and Technology26 October 2022
Neil O'BrienParliamentary Under-Secretary of State for Primary Care and Public Health8 September 2022
Grant ShappsUK/Defence Secretary31 August 20235 July 2024
Grant ShappsSecretary of State for Business Energy and Industrial Strategy25 October 202231 August 2023
Gavin WilliamsonMinister without Portfolio25 October 20228 November 2022
Nadhim ZahawiChairman of the Conservative Party25 October 2022
Nadhim ZahawiMinister without Portfolio25 October 2022

 

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References

  1. ↑ "Sajid Javid resigns as chancellor in Boris Johnson reshuffle"
  2. ↑ "Ex-Chancellor Rishi Sunak launches bid to be Conservative leader"
  3. ↑ "UK general election results in full: Labour wins in landslide"
  4. ↑ https://www.indy100.com/politics/rishi-sunak-university-professors-stanford
  5. ↑ https://www.telegraph.co.uk/business/2022/03/25/extinction-rebellion-backing-hedge-fund-chief-hits-greenwashing/
  6. ↑ https://www.history.co.uk/articles/little-known-facts-about-rishi-sunak
  7. ↑ a b https://expose-news.com/2022/10/28/rishi-sunak-theleme-and-moderna/
  8. ↑ See https://en.wikipedia.org/wiki/Thelema
  9. ↑ https://www.gov.uk/government/people/rishi-sunak
  10. ↑ https://whalewisdom.com/filer/theleme-partners-llp#tabadv_ownership_tab_link
  11. ↑ https://find-and-update.company-information.service.gov.uk/company/06978736/persons-with-significant-control
  12. ↑ https://www.wsj.com/articles/the-millionaire-who-gave-moderna-a-shot-11601650821
  13. ↑ "Next UK PM Rishi Sunak on being British, Indian and Hindu at the same time"
  14. ↑ https://www.infosys.com/newsroom/press-releases/2020/independent-director-appointment-20april2020.html
  15. ↑ https://www.aaespeakers.com/keynote-speakers/uri-levine
  16. ↑ "New chancellor Rishi Sunak adds Downing Street address to his bulging property portfolio"
  17. ↑ "Akshata Murty: Rishi Sunak’s wife and richer than the Queen"
  18. ↑ "Election debate: the night’s winners and losers"
  19. ↑ "RLB made the new chancellor cry. #reshuffle"
  20. ↑ "Tory leadership: How will the new party leader and PM be chosen?"
  21. ↑ "Tory leadership: How will the new party leader and PM be chosen?"
  22. ↑ "Liz Truss news – live: PM resigns after less than seven weeks in Downing Street"
  23. ↑ "Who is Rishi Sunak? The UK's first British Asian prime minister"
  24. ↑ "Ashes to Ashes: Is Rishi Sunak taking Britain back to the 1980s?"
  25. ↑ https://www.dailymail.co.uk/news/article-13553371/Rishi-Sunak-threatens-revoke-young-peoples-driving-licences-National-Service.html
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