U.K.’s ex-Treasury chief will be next PM : NPR
Rui Vieira / AP
LONDON – Rishi Sunak has won the race to be the next leader of the Conservative Party, after another candidate dropped out. That means he will be Britain’s next prime minister at a time of economic turmoil.
A famously brilliant prime minister under Boris Johnson prime minister, Sunak lost to Liz Truss in the race to replace him earlier this summer.
Regarded as a centrist and pragmatic politician, he has emerged in the latest leadership contest as a safe hand to guide the UK, after Liz’s policy proposals Truss around tax cuts and spending shakes government credibility and confuses markets.
Only elected as a member of Parliament in 2015, after a career in banking and hedge funds, Sunak’s political rise to become finance minister in 2020 has been a key factor. . In that role, he has taken unprecedented action to support the UK economy during the pandemic, with months-long programs to replace workers’ wages and encourage government spending. consumers.
Sunak will be the first Asian British to become prime minister and the first white person to take the top job. At 42, he will also be the youngest prime minister in more than 200 years.