Rishi Sunak is the new Britain’s Prime Minister (in fact the country’s third leader in a few weeks). Both his parents are of Indian descent. Sunak is a Stanford University graduate and a former investment banker. He also studied politics, philosophy and economics at the University of Oxford. He is a ultra rich man, richer than the King. The new Prime Minister met King Charles III to accept the role. He wants things to be different in the UK. A restoration of competence is expected (and needed). Britain is now led for the first time by a man who believed that Brexit was a good idea. In EU circles, Sunak was seen as the voice of reason in the Johnson government.Sunak confessed he wants a “highly productive UK economy.”He thinks that meeting an arbitrary target of reducing national debt is more important than saving people from penury. In fact, experts anticipate inflation will be higher and the recession deeper in the UK under Sunak administration. In other words, he will restore stability and confidence.
In a speech outside 10 Downing Street he said defining the momentum: “Our country is facing a profound economic crisis. The aftermath of Covid still lingers, Putin’s war in Ukraine has destabilized energy markets and supply chains the world over.” “I will place economic stability and confidence at the heart of the government’s agenda. This will mean difficult decisions to come,” he added.For people interested in his life passions: Rishi Sunak likes to play cricket.