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Today We Talk about who is Rishi Sunak and what his goal,career,education Rishi Sunak is a British politician and economist who is currently serving as the Chancellor of the Exchequer, a position he has held since February 2020. As the head of the Treasury, he is responsible for overseeing the United Kingdom’s economic policy, including managing the country’s finances, setting fiscal policy, and supervising public spending.
Early Life and Education:
Rishi Sunak was born in Southampton, England, on May 12, 1980, to Indian parents. His father, Yashvir, was a general practitioner, while his mother, Usha, worked as a pharmacist. Sunak grew up in Southampton and attended Winchester College, a prestigious independent school in Hampshire.
He went on to study politics, philosophy, and economics (PPE) at the University of Oxford, graduating with a First Class degree in 2001. After completing his undergraduate studies, he went on to study for an MBA at Stanford University in the United States.
After completing his MBA, Rishi Sunak worked for Goldman Sachs, a global investment banking firm, where he focused on corporate finance and mergers and acquisitions. He then moved on to work for other investment firms, including The Children’s Investment Fund Management and Theleme Partners.
In 2015, Sunak left his job in finance and entered politics, running as a Conservative Party candidate for the parliamentary seat of Richmond (Yorks). He won the seat in the 2015 general election, defeating the incumbent Liberal Democrat MP, and was re-elected with an increased majority in the 2017 general election.
During his time in parliament, Sunak was appointed as a junior minister in the Ministry of Housing, Communities, and Local Government, where he was responsible for local government finance. He later moved to the Treasury, where he served as the Parliamentary Under-Secretary of State for Local Government.
In 2019, Sunak was appointed as the Chief Secretary to the Treasury, the second-most senior position in the department. In this role, he was responsible for overseeing public spending and played a key role in the government’s preparations for Brexit.
Chancellor of the Exchequer:
In February 2020, Rishi Sunak was appointed as the Chancellor of the Exchequer, succeeding Sajid Javid. His appointment came as a surprise to many, as he had only been in parliament for four years and had never held a Cabinet position before.
As Chancellor, Sunak has played a key role in the government’s response to the COVID-19 pandemic, which has had a significant impact on the UK economy. He has introduced a range of measures to support businesses and individuals affected by the pandemic, including the Coronavirus Job Retention Scheme (also known as the furlough scheme), which has helped to support millions of jobs.
Sunak has also announced a series of economic stimulus packages, including a £30 billion plan to boost the economy, and has introduced a range of tax measures designed to support businesses and encourage investment.
In his first budget, delivered in March 2020, Sunak announced a range of measures designed to support the economy, including investment in infrastructure and funding for public services. He also announced a range of tax measures, including a reduction in business rates for small businesses and an increase in the National Insurance threshold.
In his second budget, delivered in March 2021, Sunak announced a range of measures designed to support the economy as it recovers from the COVID-19 pandemic. These included an extension of the furlough scheme until September 2021, as well as additional funding for public services and investment in infrastructure.
Rishi Sunak is married to Akshata Murthy, the daughter of Narayana Murthy, the co-founder of Indian IT giant Infos