Rishi Sunak Becomes UK’s New Prime Minister

British Conservative, Rishi Sunak has emerged as the new Leader of the United Kingdom’s Conservative Party.

Truetells Nigeria reports that this was disclosed in an announcement made by Sir Graham Brady after only one nomination was received by the 1922 Committee for the new leader of the party and backed by 100 MPs.

Brady, therefore, declared Sunak to be the next party leader, and consequently the new Prime Minister.

He confirmed that the new Tory leader, Rishi Sunak will address MPs at 14:30 BST.

Rishi Sunak had on Sunday announced he is standing to be prime minister, failing in a first attempt weeks ago.

The former finance minister Sunak said he had a “track record of delivery” and would lead Britain out of a “profound economic crisis”, which experts say has been worsened by the aborted policies of outgoing leader Liz Truss.

In a short statement posted on Twitter confirming his widely expected candidacy, he said “I want to fix our economy, unite our party and deliver for our country.” 

Rishi Sunak (/ˈrɪʃiː ˈsuːnæk/; born 12 May 1980)^[1] is a British politician who has been Leader of the Conservative Party since 24 October 2022. He previously served as Chancellor of the Exchequer from 2020 to 2022 and Chief Secretary to the Treasury from 2019 to 2020.^[2] He has been the Member of Parliament (MP) for Richmond (Yorks) since 2015.

Sunak was born in Southampton to parents of Punjabi Indian descent who migrated to Britain from East Africa in the 1960s.^[3][4] He was educated at Winchester College, read philosophy, politics and economics (PPE) at Lincoln College, Oxford, and gained an MBA from Stanford University in California as a Fulbright Scholar. While studying at Stanford, he met his future wife Akshata Murty, the daughter of N. R. Narayana Murthy, the Indian billionaire businessman who founded Infosys. Sunak and Murty are the 222nd richest people in Britain, with a combined fortune of £730m as of 2022.^[5] After graduating, Sunak worked for Goldman Sachs and later as a partner at the hedge fund firms the Children’s Investment Fund Management and Theleme Partners.

Sunak was elected to the House of Commons for Richmond in North Yorkshire at the 2015 general election, succeeding William Hague. Sunak supported Brexit in the 2016 referendum on EU membership. He was appointed to Theresa May’s second government as Parliamentary Under-Secretary of State for Local Government in the 2018 reshuffle. He voted three times in favour of May’s Brexit withdrawal agreement. After May resigned, Sunak supported Boris Johnson‘s campaign to become Conservative leader. After Johnson was elected and appointed Prime Minister, he appointed Sunak as Chief Secretary to the Treasury. Sunak replaced Sajid Javid as Chancellor of the Exchequer after his resignation in the February 2020 cabinet reshuffle.

As Chancellor, Sunak was prominent in the government’s financial response to the COVID-19 pandemic and its economic impact, including the Coronavirus Job Retention and Eat Out to Help Out schemes. He resigned as chancellor on 5 July 2022, citing his economic policy differences with Johnson in his resignation letter.^[6] Sunak’s resignation, along with the resignation of Javid as Health Secretary, led to Johnson’s resignation amid a government crisis.

In July 2022, he stood in the Conservative party leadership election to replace Johnson,^[7] and lost the members’ vote to Liz Truss.^[8] Following Truss’s resignation amid a government crisis, Sunak won the October 2022 Conservative Party leadership election.^[9]