Rishi Sunak has been elected as the next leader of the Conservative Party. The election was overseen by Graham Brady, the party chairman. Members cheered for Sunak as he was elected. King Charles III will now invite Sunak to form a government. This will be a ceremonial duty. Sunak is a multimillionaire former banker. However, his election does not reflect the will of the British people. This has caused concern as the Conservative Party has been at historic lows in recent years. (Also Read: Who is Joe Biden?)
Rishi Sunak’s meteoric rise in British politics
Rishi Sunak’s meteoric rise is a result of a combination of factors. Firstly, his strong support for Brexit Second, he has a proven track record as an economist. Third, he aims to restore old institutions that gave Britain primacy. This makes him a perfect candidate for the job.
Sunak’s modest background has been questioned at times, but his education is anything but humble. He was the first Indian-origin head boy of a public school in England, and he edited the school newspaper. He went on to work in finance and banking, working for Goldman Sachs in London, California, and India.
The rise of Sunak in British politics is historic. His grandparents immigrated to Britain from eastern Africa during the 1960s. His grandparents fled the region when trouble started. He later studied at Oxford University and Stanford University. Eventually, he was elected to Parliament, where he grew to be a member of the cabinet.
But Sunak’s meteoric rise in British political circles isn’t over yet. The Conservative Party is in desperate need of unity, and Sunak may benefit from this. He has consistently criticised the Truss government but has not endorsed Truss. This shows deep divisions within the Conservative party, and the rest of the Conservative electorate won’t tolerate unforced mistakes. A recent YouGov poll shows the Conservatives at 19% across the country.
A recent poll shows the Conservative Party lagging behind the opposition Labour Party by 30 points. With this result, calls for a general election are increasing. Sunak’s government is deviating from key promises made during the previous election. Public spending is expected to be cut. Because of this, polls show that almost two-thirds of British voters want an election right away.
Sunak has also faced critics for his handling of the country’s finances. The National Institute of Economic and Social Research has warned that a failure to act could lead to the collapse of the British economy. Sunak’s meteoric rise has slowed down this year amid controversy surrounding his financial affairs. He and his wife have an estimated net worth of 824 million pounds together, which makes them the richest MPs in the UK. Even though Sunak is wealthy, members of the Conservative Party still look at him very closely.
His economic predictions have played out at a dizzying pace.
Rishi Sunak’s predictions about the UK economy are being played out at an alarming rate. As chancellor of the Exchequer from February 2020 to July 2019, Mr. Sunak spent heavily to protect households from the consequences of the coronavirus pandemic, and the Bank of England bought up government debt to keep interest rates low. This led to a boom in borrowing to fund the large increase in spending.
Rishi Sunak ran against Elizabeth Truss in the leadership election last summer, saying that Truss’s fiscal policy would lead to chaos. Sunak was a key player in the Treasury at the time, and his political savvy paid off. Despite being under pressure in the leadership contest, he performed admirably despite the high level of criticism from other Tory MPs. Ultimately, however, his election campaign did not go as planned. Boris Johnson, the runner-up to replace Margery Truss, resigned his cabinet post.
Rishi Sunak was also the last Conservative candidate to endorse Jeremy Corbyn. In a poll ahead of the election, Rishi Sunak received a plurality of votes. This suggests he is a credible candidate to lead the Conservative Party. He has a reputation as a strong economic thinker and has a good track record.
Rishi Sunak is a former finance minister and a future prime minister of the UK. Rishi Sunak would become the first person of Indian descent and a member of the Hindu community to lead Britain. If Rishi Sunak is elected, he would become Britain’s youngest prime minister in over two centuries.
He has around 123 lawmakers behind him.
Rishi Sunak has around 123 lawmakers backing him to become the next UK prime minister, more than half the number of people backing his rival Boris Johnson. Sunak, who resigned from the chancellor’s post in July, has received support from key Tory figures such as Grant Shapps, Suella Braverman, and former Home Secretary Priti Patel. He also has the backing of former Foreign Secretary James Cleverly. Sunak is the favorite to win the leadership, but will need to secure more votes to do so.
With Boris Johnson having withdrawn from the race to lead the Conservative Party, Rishi Sunak is in pole position to become the next UK prime minister. Johnson’s withdrawal from the race leaves Sunak as a strong front-runner, and he could be elected as the next UK prime minister as early as Monday.
Sunak’s victory comes at a critical moment for Britain. The country is suffering from global inflation and self-inflicted damage wrought by Margaret Thatcher. The free-market economic policies that she pushed upended markets and slashed taxes, leaving Britain struggling. It’s the first black or ethnic minority prime minister since Benjamin Disraeli in 1911.
Boris Johnson has ruled out a bid to become the next UK prime minister, citing a lack of support from party members. Boris Johnson’s withdrawal from the contest triggered a broader political upheaval. The party has now been split over who should be the next prime minister.
The Conservative Party’s national membership favored Truss in September, while Sunak remains a popular choice among conservatives. However, Sunak is facing some challenging issues as he tries to resolve the growing debt crisis. The first priority is to figure out how to reduce energy costs, which have risen significantly in the past year due to the conflict in Ukraine. In response, people expect the government to come up with a policy that makes energy cheaper for homes and businesses.
Currently, the Conservatives trail the opposition Labour Party by more than 30 percentage points in polls. The opposition parties have been calling for a general election, which would allow the public to decide who the next UK prime minister will be. Passing the buck from one politician to another does not do the country any good.
He will form a new government with Liz Truss.
After Boris Johnson dropped out of the leadership race, Rishi Sunak won the Conservative Party leadership. He promised to form a government based on integrity, professionalism, and accountability. In a handover from Liz Truss, Sunak will become the new prime minister. He will be Britain’s first prime minister of South Asian heritage and the first Hindu to hold the post. He faces difficult challenges, including uniting a Conservative Party divided over Truss’s economic policy.
The announcement of the new government will take place at Balmoral Castle in Scotland, where Queen Elizabeth is spending her summer holiday. Due to mobility problems, she is unlikely to visit London. But before she heads to Scotland, Johnson is expected to give a statement outside Downing Street before heading to Scotland to hand over his resignation to the monarch. Truss and Sunak will then meet the queen.
The Conservatives’ image has shifted in recent polls. As a result, the public’s perception of their winning the election has changed. The party faces a significant challenge in repairing its image. In contrast, a Labour-led government is more likely to cut costs and improve public services.
Rishi Sunak has won the Conservative leadership race. He will become Britain’s next prime minister and is the first person of color to lead the country. Liz Truss’ resignation last week marked the end of her time as prime minister. Her tenure has been characterized by major political and economic turmoil. Late in September, a controversial mini-budget caused a political crisis and a loss of trust in the government.
Sunak was the only candidate to reach the 100-legislator threshold. The former Treasury chief won the race against Boris Johnson and Penny Mordaunt. His win means that he will become the third prime minister in as many months. However, he will have to stabilize the party and the country amid the current economic turmoil. Rishi Sunak will succeed Liz Truss, who resigned after 45 days in office.
The announcement comes as a surprise to many. Several candidates were rumored to be contesting for the leadership. Former prime minister Boris Johnson, who was forced to step down as a result of the Truss premiership, had not officially announced his intentions. Yet, he was widely supported by lawmakers in his party, which helped his chances. Sunak is now the clear favorite. (Also Read: Xi Jinping Announces a Third Term in Office)