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Rishi Sunak
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Rishi Sunak

Conservative Party voting for next UK PM delayed
after GCHQ hacking alert

London, August 03, 2022
NRIpress.club/Ramesh/ A.Gary Singh

The race to become United Kingdom’s next Prime Minister was hit with an unexpected roadblock on Tuesday as the voting by the Conservative Party members had to be delayed. The decision was taken after reports from the GCHQ spy agency that cyber hackers were trying to change the ballots, according to The Telegraph. While the agency did not specify the source of the threat, they said that the process was vulnerable to cyber-attacks and advised against going forward with the process. 

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NRI Rishi Sunak on winning streak as 5 left in UK PM race

London, July 14, 2022
NRIpress.club/Ramesh/ A.Gary Singh

Conservative Party lawmakers in Britain knocked out one of the six remaining contenders Suella Braverman, the NRI Attorney General in the fray, shortlist with the least votes at 27.out of the contest to replace Prime Minister Boris Johnson, as front-runner NRI former Chancellor of the Exchequer in the British government Rishi Sunak worked to stave off momentum from surprise challenger Penny Mordaunt.

Sunak, who quit as Britain’s Treasury chief last week, got the most votes, 101, with junior trade minister Mordaunt a strong second with 83. Bookmaker Ladbrokes said Mordaunt was now the favorite to win the leadership election, followed by Sunak and Foreign Secretary Liz Truss, who got 64 votes.

Sunak has faced allegations he is out of touch with ordinary people’s struggles because of his wealth.
He is a former investment banker, and his wife is the daughter of the billionaire founder of Indian tech company Infosys.

Sunak told the BBC.

  • “I don’t judge people by their bank accounts. I judge them by their characters,” “And I think people can judge me by my actions over the past couple of years.”

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Rishi Sunak launches bid to be UK’s Prime Minister

London, July 11, 2022
NRIpress.club/Ramesh/ A.Gary Singh

NRI former Chancellor of the Exchequer in the British government Rishi Sunak on Friday formally launched his bid to become leader of the Conservative Party. If he succeeds, he will automatically become Prime Minister of the United Kingdom.

He tweeted: “I’m standing to be the next leader of the Conservative Party and your prime minister.” He added: “Let’s restore trust, rebuild the economy and reunite the country.” He also launched a website ready4rishi.com. Sunak posted along with the tweet a three-minute video setting out his intentions. He said: “I got into politics because I want everyone in this country to have those same opportunities, to be able to give their children a better future.”

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Rishi Sunak bookmakers' favourite to be UK Prime Minister

London, Jan 13, 2022
NRIpress.club/Ramesh/ A.Gary Singh

Rishi Sunak, the Indian-origin Chancellor of the Exchequer, is tipped as the bookmakers' favourite to succeed the current incumbent Boris Johnson as Prime Minister of the United Kingdom. The odds on Sunak are 9/4, a comparison site compiling prices from leading British bookmakers.

Liz Truss, the present Foreign Secretary, is second favourite at 22/5. The others in the running as per the betting opportunities are senior backbench MP and former foreign secretary Jeremy Hunt, who put up a good fight against Johnson in the Conservative party leadership contest in 2019. He is quoted at 11/1.

Sunak and Truss have been neck-and-neck for a while in public opinion surveys. On Wednesday, when Johnson tendered a conditional apology (because he apologised for the function, but not for his presence at it or for its illegality under prevailing legislation) in the House of Commons for his office holding a drinks party at his 10 Downing Street garden during the height of the Covid-19 lockdown in the UK in May 2020, Truss sat next to him, often nodding her head in support of the statement. On the other hand, the Chancellor was conspicuously absent from Parliament, 225 miles away from London in the south-western English county of Devon.....Read More

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U.K. Treasury chief Rishi Sunak unveiled a
£30bn package to boost the Economy

London, March 13, 2020
NRIpress.club/Ramesh/ A.Gary Singh

  • The Bank of England has announced an emergency cut in interest rates.
  • UK took bold steps to cushion the economic shock of the coronavirus outbreak

To protect the UK economy against the spreading coronavirus outbreak in what Chancellor Rishi Sunak said was the biggest fiscal boost to the UK in 30 years.
Sunak presented his budget to hundreds of lawmakers in the cramped House of Commons chamber by pledging £30bn to help "British people, British jobs and British businesses.
We are doing everything we can to keep this country and our people healthy and financially secure," Chancellor Rishi Sunak told MPs.

  • He also announced a £5bn emergency response fund to support the NHS and other public services in England
  • He mentioned about more than £600bn to be spent on roads, rail, broadband and housing by the middle of 2025.
  • Of the £30bn in extra spending, £12bn will be specifically targeted at coronavirus measures, including at least £5bn for the NHS in England and £7bn for business and workers across the UK.

Bank of England earlier reduced its key rate from 0.75% to 0.25% to help support businesses and people confidence.
Rishi Sunak said the government would refund the cost of sick pay to firms with less than 250 employees and would provide cheap loans for small businesses struggling because of the COVID-19 illness.

OBR, The Office for Budget Responsibility announced extra spending on government departments and investment represented the biggest Budget "giveaway" by adding around £100bn to public borrowing by 2024.

 

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 UK Prime Minister Boris Johnson Appointed
NRI Rishi Sunak as finance minister

London, February 14, 2020
NRIpress.club/Ramesh/ A.Gary Singh

NRI Rishi Sunak was appointed as the UK’s new finance minister by Prime Minister Boris Johnson in a Cabinet reshuffle.
Rishi Sunak smiled as he entered the prime minister’s 10 Downing St. office on Thursday morning to meet Johnson. But a spokesman confirmed soon after that Javid had quit, according to France 24 News Media.
The government announced that he would be replaced by Rishi Sunak, who was previously a deputy to Javid at the Treasury. Javid’s resignation follows reports he had clashed with Johnson’s powerful adviser, Dominic Cummings.

 

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Infosys founder Murthy’s son-in-law Rishi Sunak elected to UK parliament

Rishi Sunak’s father is a doctor (NHS family GP) and mother ran her own local chemist shop. He lives in Kirby Sigston, just outside Northallerton. He was fighting a seat vacated by William Hague, who was Britain’s foreign minister.

Rishi study at Winchester College, Oxford University and Stanford University. He is a school governor, a board member of a large youth club, and have always volunteered his time to education programs that spread opportunity.

He co-founded a large investment firm, working with companies from Silicon Valley to Bangalore and help small and entrepreneurial British companies grow successfully.

He met his wife, Akshata, in California where he lived for a number of years before returning home. They have two daughters, Krishna and Anoushka,

Sunak is a son-in-law of N.R. Narayana Murthy, one of the founders of the Indian software giant Infosys. N.R. Narayana Murthy, net worth $1.85 Billion , founded Infosys in 1981

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Murthy happy over son-in-law’s win in British poll

Bengaluru, May 8, 2015: Infosys co-founder N.R. Narayana Murthy on Friday expressed happiness that his son-in-law Rishi Sunak, of the Conservatives, had been elected to the British parliament in the general elections, in his maiden electoral foray.

“I am very happy that Rishi has won convincingly in Richmond – Yorks with such a majority,” Murthy told IANS over e-mail.

Noting Sunak, 34, and his daughter Akshata, 35, worked very hard during the campaign, Murthy said they both succeeded in communicating his merit, integrity and vision for his constituency in Yorkshire.

“He (Sunak) has big shoes to fill since he is succeeding William Hague. I am positive that he will do well as a MP,” he said.

Hague was British foreign minister until last year.

Among the 10 Indian-origin lawmakers of the Conservative Party in the new House of Commons, Sunak is the only first-time MP as nine of the outgoing MPs were re-elected barring Paul Uppal who lost in Wolverhampton South West in the West Midlands.

Sunak married Akshata here on August 30, 2009. They both were fellow MBA students at Stanford University.

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OTHER MEMBERS WHO WON:

1. Keith Vaz-Leicester East, who has been an MP from 1987. Keith Vaz: “I am absolutely delighted. I have served them for 27 years and they have given me the huge privilege of an extension of another five.”
2. Keith Vaz’s sister Valerie Vaz-Walsall South
3. Priti Patel-Witham, was a junior minister
4. Virendra Sharma-Ealing Southall
5. Seema Malhotra-Feltham & Heston
6. Alok Sharma-Reading West
7. Shailesh Vara- Cambridgeshire North West, another junior minister who has been an MP since 2005.
8. Sajid Javid-Bromsgrove, who was minister for culture, media and sport in the outgoing cabinet
9. Lisa Nandy-Wigan, who is half Indian-half English
Paul Uppal, Conservative party of Wolverhampton South West in the West Midlands of England, lost by a margin of 800 votes in a constituency with a large presence of Sikhs from India.