Rishi Sunak: All you need to know about Britain’s new Finance Minister

Indian-origin Conservative leer Rishi Sunak was appointed as Britain’s new Chancellor of Exchequer, on February 13, in an unexpected turn of events. Sunak, who is considered as a close ally of British Prime Minister Boris Johnson, has served as Chief Secretary to Treasury before latest appointment. British politics has witnessed an exponential rise of former Goldman Sachs banker within Conservative Party, especially after Boris Johnson took up mantle from resa May.

Sunak has been a pro-Brexit voice in contrast with former Finance Minister Sajid Javid, who h campaigned to remain in bloc in 2016. Sunak has repeatedly vocated for Brexit through his opinion pieces and highlighting benefits of leaving European bloc. "It's time to shout about that idealistic and hopeful vision for post-Brexit Britain," he wrote in an article in 2017.

39-year-old parliamentarian, who has served as Chief Secretary to Treasury, is married to Akshata Murthy, daughter of Infosys co-founder and billionaire Narayana Murthy. Sunak studied at Winchester College, Oxford, and Stanford University and was later elected as Member of Parliament (MP) from Richmond, rth Yorkshire. He became a housing minister in 2018 and was promoted as Chief Secretary to Treasury last July. 

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Sunak co-founded a global investment firm and specialised in investing in small British businesses before his entry into politics. He strongly believes that small businesses in UK would flourish as a result of Brexit as vast majority of British businesses don't have anything to do with EU but y are still subject to all EU law.

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Three Indian-origin cabinet members

British cabinet has w three lawmakers of Indian-origin including Alok Sharma and Priti Patel. Sharma has been elevated to role of secretary of state for business, energy and industrial strategy while Patel has been serving as Home Secretary. Sharma will also be president of COP26, United Nations Framework Convention on Climate Change (UNFCCC), scheduled for vember in Glasgow.

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