RISHI SUNAK 42, former chancellor of the exchequer
Sunak resigned on July 5 as chancellor of the exchequer along with health secretary Sajid Javid, triggering an avalanche of resignations leading to Johnson’s downfall. For a large number of Tory supporters, Sunak was Johnson’s presumed heir for a long time, his popularity burnished by his efficiency in offering a competent financial response to Covid-19.
But he faces unexpected headwinds after revelations that his wife, Akshata Murthy, daughter of Infosys founder N.R. Narayana Murthy, opted for non-domicile status, which allowed her to avoid paying tax in the UK. Adding to Sunak’s woes is the fact that he retained his US green card for a while even after taking over as chancellor and the fixed-penalty notice he received for attending booze parties during the lockdown.
Some critics also pointed out that he was the first chancellor to find a place in the Sunday Times rich list and that he chose to build a £400,000 leisure complex at his £ 2 million Yorkshire mansion, even as the UK faced double-digit inflation, showing that he is out of touch with the travails of the common man. His tax hikes as chancellor, too, have been unpopular. Moreover, Johnson’s inner circle is unhappy with Sunak, as they feel that the former chancellor was not sufficiently loyal and was planning his leadership campaign even as he served in the cabinet.
Bu hikaye THE WEEK India dergisinin July 24, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye THE WEEK India dergisinin July 24, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Trump and the crisis of liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.