Cover News Reporter Chen Ganlu
On the 24th local time, the results of the election for the head of the ruling Conservative Party of the UK were released. Former Chancellor Rich Sunak, as the only candidate, is automatically elected as the new leader of the Conservative Party of Britain. He will replace Elizabeth Trass, who resigned in just 45 days, and become the British Prime Minister. On the 23rd, Sunak has tweeted to express his firm political determination: "British is a great country, but it is facing a profound economic crisis. This is why I should stand in the position of the leader of the Conservative Party and your next prime minister."
Sunak became the first Indian Prime Minister in British history.
Grown in ordinary immigrant families
On May 12, 1980, Rich Sunak was born in Southampton, England, and is a second generation immigrant. His father is an Indian from Kenya and his occupation is general practitioner . My mother is from Tanzanian and is a pharmacist who runs a small pharmacy locally. As the eldest son of the family, Sunak often helped his mother since he was a child.
Although born in an ordinary immigrant family, Sunak has been smart since childhood and has excellent academic performance.
The first turning point in Sunak's life was after graduating from elementary school. At that time, he entered the prestigious Winchester Public School in the UK, and his parents worked very hard to pay him a high tuition fee. He then got admitted to Oxford and chose politics, philosophy and economics. 2001. Sunak graduated from Oxford with the first place in his major and entered the investment bank Goldman Sachs, the coveted investment bank of the "fresh graduate" at the time. From 2001 to 2004, Sunak worked as an analyst at Goldman Sachs. In 2004, Sunak joined a London-based hedge fund company. In 2006, he became a partner of the fund company and received a scholarship. He went to the top American university in Stanford University to study for an MBA.
Become a rich man "fast son-in-law"
Many people believe that Stanford University's experience is the second turning point in Sunak's life. Because there, he met his current wife, Akshata Murthi. Akshata's father is Indian billionaire and IT giant Nariana Murthy. He is known as "India Bill Gates ". He founded the first Indian company listed in the United States - Infosys Technology. As of April 2022, his net worth is estimated to be US$4.4 billion.
Under the influence of her father, Akshata has also been very successful in her career. She not only holds shares in Infosys, but also starts her own fashion brand and catering company. She is currently a director of her father's investment company . In the latest wealth list released in 2022, Akshata has become one of the richest women in the UK for 730 million pounds.
After the two got married, Sunak once worked in his father-in-law's investment company and served as a director. In 2014, he chose to go into politics and embarked on a whirlwind upward path.
In 2014, Sunak became a Conservative MP in Richmond, Yorkshire, and from 2015 to 2017, Sunak became a member of the Special Committee on Environment, Food and Rural Affairs. From 2018 to 2019, he served as junior minister of the administration of former Prime Minister Theresa May. After Boris came to power, Sunak got on the ride. In 2019, Boris appointed Sunak as Chief Secretary of the Ministry of Finance, becoming a member of the Privy Council, and entering the core circle of British politics. In February 2020, Javid, then the Prime Minister of Finance, resigned from his post. By chance, the 39-year-old Sunak was pushed to the post of Prime Minister of Finance, becoming the youngest member of parliament to hold the position in this position in history.
"Big Rich" tag has troubled Sunak
There is no doubt that in 8 years, from Richmond MPs to British Prime Minister, this is also inseparable from Sunak's own efforts and talents, and even financial support from his father-in-law's family. Today, Sunak has reached an unprecedented peak in the political path, but people’s doubts about him have never changed - his wife uses her “non-British tax resident” status to avoid taxes.
Akshata lives in the UK with her husband, but she has always retained her Indian nationality and chose not to become a permanent resident of the UK, a status that means she does not need to pay taxes on foreign gains. Although this complies with the regulations of the General Administration of Taxation and Customs of the UK, "savvy people" understand that this is suspected of tax avoidance.
Akshata owns a 1% stake in her father's company, which brought her £11 million last year, because the income was generated in India and she does not have to pay taxes in the UK. If she is a British citizen, she will have to pay £4.4 million in taxes on it.
After Sunak entered politics, he also brought considerable benefits to his father-in-law's family. According to data from the British public sector , Sunak has become a MP, and the company has earned about £493 million from British taxpayers so far.
Another thing that gave Sunak a "headache" was that in April this year, many British media reported that Sunak had previously held a US green card, had the status of a permanent resident of the United States, and even paid taxes to the United States. He did not give up his green card until he became the British Chancellor of the Exchequer in 2020.
Of course, the biggest "headache" must be the "mess" left by Tras. She has been in power for 45 days and created the shortest Prime Minister in the UK, but the mess she created is very big. In September, the year-on-year inflation rate in the UK rose to 10.1%, a 40-year high; a wave of tax cuts caused the pound to fall; a pension crisis broke out...
At present, Sunak has announced that his top priority as prime minister is to repair the economy, and the primary goal is to introduce a plan to fill the "spending black hole" of 40 billion pounds as soon as possible. It is generally believed that Sunak will return to the tax increase plan he formulated when he served as the Chancellor of the Finance Department, but many people are worried that the tax increase plan will not solve the urgent problem.
No matter what, what is waiting for Sunak is a "cold winter".
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