After being in the shackles of British rulers for more than 200 years, it is indeed a very proud moment for Indians all over the world to see Rishi Sunak sitting as the Prime Minister of Great Britain. However, is he really as Indian as he is being told by the mainstream media? He has roots in this culture but has not been exposed to them from a young age.
Rather than tattling about whether he is Indian or not, it will be better to get to know a bit about his background and his advent into politics. Let us dive into the details.
Rishi Sunak As Of Now
Rishi Sunak is a member of the Conservative Party in the United Kingdom who has been given the burden of bringing up a nation that is struggling with debts and economic infidelity. He has won the seat of the next Prime Minister of Britain. He won the race among other fellow members of the Conservative party.
Britain is greatly divided, at the moment, on the issues of economic policies and also facing a downturn that has harmed numerous people. Millions of people are suffering in Britain at the moment and it will be a task for Rishi Sunak to hold sail until the tides come slower.
Rishi Sunak is mentioned as one of the richest politicians in the Westminster area. He is known to be the first Prime Minister of Britain who is of color. This itself stands as a challenge because of the severe racist beliefs of Great Britain. He has been asked to form a government by King Charles after Liz Truss had to resign from the same seat after just 44 days of term.
Birth and Early Life Of Rishi Sunak
Rishi Sunak was born on 12th May 1980 in Southampton. His parents are Yashvir and Usha Sunak who were born in Kenya and Tanzania respectively. His father had worked as a general practitioner and his mother was just a local pharmacist. It is indeed wondrous how he came up to such heights without any political influence from the side of his family.
Sunak has his roots in undivided Punjab. They migrated from the disturbed lands of politically divided India in the 1960s. Rishi has two other siblings. His brother is Sanjay who is working as a psychologist. He also has a sister, named Rakhi, who works as the Head of Humanitarian Peacebuilding in the United Nations.
Through sheer talent and intellectual capabilities, Rishi Sunak is an alumnus of Winchester College, Oxford and Stanford University. He used to work as a waiter in a curry house during the summer holidays when he lived in Southampton.
Business Life of Rishi Sunak
Rishi Sunak is one of the wealthiest politicians in the United Kingdom. Most of his wealth came from his business investment policies. He was an intern at the Conservative Campaign Headquarters during his time of university studies. He worked as an analyst at Goldman Sachs after passing out from university.
Rishi left his job in investment banking to work in Children’s Investment Fund Management. He became a partner in this firm in 2006. Later he joined the hedge fund group Theleme Partners in 2009. Finally, he served as a director in the firm which is led forward and owned by his father-in-law N.R Narayana Murthy.
A Frontrunner For Being The Prime Minister
Rishi Sunak was announced on 8th July 2022 after Boris Johnson resigned from the post of Prime Minister. He said that he will replace the elder minister from being from the same party. The conservative leaders who had stood beside Boris Johnson spoke up against Rishi Sunak during this occasion.
Rishi Sunak had done some commendable work during the period of the pandemic. He presented his budget idea for the post-pandemic era on 11th March 2020. He mentioned that 30 million pounds of additional spending along with another 12 million pounds will be allocated for managing the damages caused by the pandemic. This was welcomed by the netizens with open arms.
In the 2021 March budget, Sunak mentioned the deficit of 355 billion pounds which arose in the 2020-2021 financial year. This was the highest value of deficit reached during the hours of peace. He stated that the taxes should be increased from 19 to 25% in 2023. This policy of tax increase was opposed by Liz Truss. The government decided that the policies of Rishi Sunak were more plausible than the ideas of Liz Truss. The higher income tax threshold can be helpful for the present policy of tax-free personal allowance.
Personal Life of Rishi Sunak
Rishi Sunak married Akshata Murthy in August 2009. They have two daughters. His wife is the daughter of the famous Indian billionaire N.R. Narayana Murthy. She has her own fashion label and is known as one of the wealthiest ladies in the entire span of Britain. Akshata Murthy has non-domicile status. She is not required to pay any tax on the income which she is earning abroad. This is valid when she is living in the United Kingdom. She has to pay about 30,000 pounds to get this particular status. It also helps her avoid paying 20 million pounds in terms of taxes in the United Kingdom.
This was met with controversy when Rishi Sunak stood for the post of Prime Minister. Finally, Murthy stated in 2022 that she will be paying global taxes in terms of the UK economy to ensure that her activities do not act as a barrier to her husband’s career. This was quite appreciated by the netizens of the United Kingdom.
Rishi Sunak is indeed one of the richest people in the United Kingdom but that is not all that can be said of him. He is very adept at managing economic factors and this can turn out to be very helpful for the country in the end. Given that the nation is already in debt, it is possible that he will be able to pull the nation from this debt.