Zhengguan News Comprehensive Report According to British media reports, at 2 pm local time on October 24, former British Chancellor of the Exchequer Sunak (Rishi Sunak) received support from more than 100 MPs and became the only party leader candidate to receive more than 100 votes in support.
According to the rules of the 1922 committee, Sunak automatically won the election and became the leader of the Conservative Party . Meanwhile, as the Conservative Party has a majority in British parliament , the Conservative Party leader Sunak will automatically become the Prime Minister. Sunak, 42, became the youngest British Prime Minister in more than 200 years and the first Indian Prime Minister in the UK.
Data map of the new British Prime Minister Sunak Picture source network
Who is Sunak?
As the second generation of immigrants, Sunak is a typical "elite". His path to studying ranged from Winchester Public School to Oxford University Political Science, and then to a master's degree in business administration from Stanford University School of Business. His career began as an analyst at Goldman Sachs Group and later became a partner at TCI hedge fund management company. Sunak's path before entering politics can be said to be smooth sailing.
Sunak's personal wealth is even more enviable. Sunak's wife Akshata Murtie is his classmate at Stanford University and the daughter of Narayana Murtie, the founder of Infosys, India's second largest IT company. According to the " Sunday Times ", in 2022, the Sunaks ranked 222nd among the 1,000 richest people in the UK. According to the annual list, the two have a total wealth of £730 million (about RMB 6 billion).
Sunak and his wife's profile picture source network
After entering politics in 2014, Sunak attached great importance to the creation of his personal image. He wore a suit and tie at any event, which was in sharp contrast with former Prime Minister Johnson , who often showed his appearance in a "chaotic" image.
Data picture of former British Prime Minister Johnson Picture source network
On Sunak's political journey, this campaign is not the first time he launched an offensive against the British Prime Minister. In the election to replace Boris in September this year, Sunak was defeated by Tras one step away from the position of Prime Minister. In addition, Sunak's work during his time as the Chancellor of the Exchequer is remarkable. During the G7 summit last year, he presided over and passed the world's lowest corporate tax rate agreement, which is considered to be a brilliant achievement during his tenure.
Tras and Sunak Data Picture Source Network
However, Sunak was also questioned for being "not down-to-earth". Sunak once said in an interview with the media: "I have aristocratic friends, I have upper-class friends, I have working-class friends... Uh, there is no working class." This has become a strong evidence that he has left the grassroots and is not in the world.
Is Sunak the "anti-drug" of the British economy?
At the moment, the primary reason why Sunak successfully locked in the position of prime minister is that the current sluggish economy in Britain needs a shot of heart-warming agent. Former Prime Minister Tras has introduced policies such as the "mini budget" during his less than 50-day term, and Sunak said he is confident of revitalizing the British economy.
According to Reuters, former British Finance Minister Sunak said on social media Twitter on the 23rd: "The UK is a great country, but it is facing a serious economic crisis, which is why I want to become the leader of the Conservative Party and the next prime minister."
Sunak Twitter screenshot Photo source Twitter
According to Bloomberg's forecast on the 24th, after Sunak becomes the most powerful candidate for the British Prime Minister, the highest interest rate of the UK's central bank will be reduced to 4.95% in May next year, lower than 6.24% after the "mini budget" and 5.15% after the "mini budget" policy turn around. Andrew Goodwin, chief economist at the Oxford Economics Institute, said that from the perspective of market impact, the new prime minister is unlikely to risk angering the market again, such as seeking tax cuts or increasing public spending, but will continue to implement the fiscal austerity policy proposed by the current Chancellor of the Chancellor.
Bank of interest rate forecast Source: Bloomberg
Although it is unknown whether Sunak can become the "anti-drug" of the British economy after taking office, the British financial market has previously responded positively to Sunak's winning prospects. According to Sky News, on October 24, local time, after former British Prime Minister Johnson withdrew from the Conservative Party leader's election, Sunak became the most powerful contender for the British Prime Minister. The pound rose to 1.13 against the dollar during the day, higher than most of the past ten days, reflecting the market's confidence in Sunak.
Zhengguan News Reporter Yang Han
(Source | Bloomberg, Sky News, Global Times, etc.)
