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BREAKING: Rishi Sunak Set To Become U.K.’s First British-Asian Prime Minister

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Rishi Sunak has won the race to be the leader of the Conservative Party and will become Britain’s next Prime Minister 

The former Treasury chief will be Britain’s first leader of colour, and faces the task of stabilising the party and country at a time of economic and political turbulence.

His only rival, Ms. Penny Mordaunt, conceded and withdrew on Monday, 24th October 2022.

As the leader of the governing party, he will take over as Prime Minister from Liz Truss, who quit last week after 45 tumultuous days in office.

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Mr. Rishi Sunak ran for Britain’s top job and lost. Now he has another shot — and the chance to say “I told you so.”

The former U.K. Treasury chief was runner-up to Ms. Liz Truss in the contest to replace the scandal-plagued Mr. Boris Johnson as Conservative Party leader and Prime Minister.

But Ms. Truss quit after a turbulent 45-day term, and Mr. Johnson has abandoned a comeback attempt, leaving Mr. Sunak a strong favorite to finally assume the office he missed out on less than two months ago.

Ms. Truss resigned last week after her package of tax cuts spooked financial markets, hammered the value of the pound, and obliterated her authority.

Sunak accused Ms. Truss of offering “fairy tales” by promising immediate tax cuts when he felt curbing soaring inflation was a bigger priority.

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“I would rather lose having fought for the things that I passionately believe are right for our country, and being true to my values, than win on a false promise,” Mr. Sunak said in a BBC interview.

Rishi Sunak was born in 1980 in Southampton on England’s south coast to parents of Indian descent who were both born in East Africa. He grew up in a middle-class family, his father a family doctor and his mother a pharmacist, and says he inherited their hard-working ethos.

“I grew up working in the shop, delivering medicines,” he said during the campaign. “I worked as a waiter at the Indian restaurant down the street.”

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He has described how his parents saved to send him to Winchester College, one of Britain’s most expensive and exclusive boarding schools.

There he mingled with the elite. Rivals recently dug up a clip from a 2001 television documentary about the class system in which the 21-year-old Sunak said he had “friends who are aristocrats, I have friends who are upper class, I have friends who are, you know, working class — well, not working class.”

After high school, Rishi Sunak studied politics, philosophy, and economics at Oxford University — the degree of choice for future Prime Ministers — then got an MBA at Stanford University.

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He worked for the investment bank Goldman Sachs as a hedge fund manager and lived in the U.S., where he met his wife, Ms. Akshata Murty. They have two daughters.

Returning to Britain, Mr. Sunak was elected to Parliament for the safe Tory seat of Richmond in Yorkshire in 2015.

In Britain’s 2016 Brexit referendum, he supported leaving the European Union — a risky career move, since it went against the Conservative government’s policy.

In his first leadership campaign, he depicted himself as the candidate of grown-up decisions and fiscal probity, criticising Ms. Truss’ plans to lower taxes and increase borrowing, and vowing to get inflation under control.

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Written by Ruth Semilore

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