The U.K. is going through a tumultuous period. Can Rishi Sunak bring an end to the political and economic turmoil?
Rishi Sunak got the top job in British politics the hard way. His first attempt, back in September, ended in a comprehensive run-off defeat to Liz Truss.
Sunak is the U.K.’s first British-Asian PM. The former finance minister is an alumnus of Goldman Sachs. Many hope his prior experience will help him solve the economic crisis he has inherited.
During September’s leadership contest, Sunak described Truss’s economic plan as “fairytale economics” and warned of exactly the kind of chaos that unfolded after it was implemented later in the month.
Sunak is regarded by Conservatives as the best person to avert a deep recession and unite the party. Whether he can fulfill those expectations is open to question.
Sunak has not eluded controversy. In April, the revelation that his wife may have avoided £20 million in taxes caused uproar. Together the couple have an estimated fortune of around £730 million.
In recent decades, the UK has become one of the poorest nations in Western Europe. Sunak faces a significant challenge in building respect and relationships on a European level once again.