Who is Rishi Sunak? – New York Times

LONDON — Rishi Sunak, who stepped down as UK Chancellor of the Exchequer on Tuesday, was perhaps the most prominent figure in Prime Minister Boris Johnson’s cabinet. Johnson’s most likely successor.

mr. Sunak quickly rose after his first parliamentary election in 2015. In February 2020, at the age of 39, Johnson appointed him chancellor, the government’s chief financial officer, and was often second only to the prime minister in power.

As the coronavirus crisis gripped the country, mr. Sunak, a former hedge fund manager, has rolled out a series of relief packages for businesses and individuals that have been widely acclaimed. These moves and his competent air quickly made him the popular face of the government’s reaction.

mr. Sunak, the eldest son of Indian immigrants, attended an elite boarding school at Winchester College and Oxford. He received an MBA from Stanford and is considered an example of a multinational and more modern Britain.

But critics also take issue with his handling of the country’s finances. with the National Institute for Economic and Social Research think tank said last month that its failure to hedge against rising interest rates could cost British taxpayers dearly.

And in recent months, two scandals tarnished his reputation, although he never reached the same level as the prime minister, and there were suggestions that he might be ousted during a possible cabinet reshuffle. First it became known that his wealthy wife claimed a tax status that allowed her to not pay taxes on part of her income. It later emerged that Mr. Sunak continued to have a green card that allowed him to live and work in the United States for several months after he became Chancellor.

mr. Sunak, along with other government officials, was also fined for violation of the rules of self-isolation due to coronavirus for briefly attending the Prime Minister’s 2020 Downing Street birthday celebrations, one of a series of Downing Street gatherings that became known as the partying scandal.