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Rishi Sunak
Rishi Sunak
from Wikipedia

Rishi Sunak[a] (born 12 May 1980) is a British politician and former investment banker who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2022 to 2024. Following his defeat to Keir Starmer's Labour Party in the 2024 general election, he became Leader of the Opposition, serving in this role from July to November 2024. He previously held two Cabinet positions under Boris Johnson, latterly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (MP) for Richmond and Northallerton, previously Richmond (Yorks), since 2015.

Key Information

Sunak was born in Southampton to parents of Indian descent who immigrated to Britain from East Africa in the 1960s. He was educated at Winchester College, studied philosophy, politics and economics at Lincoln College, Oxford, and earned a Master of Business Administration from Stanford University in California as a Fulbright Scholar. During his time at Oxford University, Sunak joined the Conservatives. After graduating, Sunak worked for Goldman Sachs and later as a partner at two hedge fund firms. Sunak was elected to the House of Commons at the 2015 general election. As a backbencher, Sunak supported the successful campaign for Brexit in the 2016 European Union membership referendum. Sunak was appointed to the junior ministerial position of Parliamentary Under-Secretary of State for Local Government by Theresa May in 2018, and was appointed to the cabinet-attending role of Chief Secretary to the Treasury by Johnson in 2019.

In 2020, Sunak was promoted to Chancellor of the Exchequer. During his time in the position, Sunak was prominent in the government's financial response to the COVID-19 pandemic and its economic impact, including the furlough and Eat Out to Help Out schemes, and the cost-of living crisis. As chancellor, Sunak received high approval and popularity ratings in the early stages of the pandemic, although his popularity later declined amid the cost-of living crisis in 2022. He resigned as chancellor in July 2022 amid a government crisis, and lost the subsequent leadership election to Liz Truss. After spending the duration of Truss's premiership on the backbenches, Sunak was elected unopposed in the leadership election to succeed Truss; aged 42 at the time he became prime minister, Sunak became the youngest prime minister since the Earl of Liverpool in 1812.

During his premiership, Sunak attempted to improve the economy and stabilise national politics. He outlined five key priorities: halving inflation, growing the economy, cutting debt, reducing National Health Service waiting lists, and stopping the illegal small-boat crossings of the English Channel by enacting the Rwanda asylum plan. On foreign policy, Sunak authorised foreign aid and weapons shipments to Ukraine in response to the Russian invasion of the country, and pledged support for Israel after the October 7 attacks which began the Gaza war whilst later calling for a ceasefire in the Gaza Strip. He did not avert further unpopularity for the Conservatives, reflected in the party's poor performances in the 2023 and 2024 local elections. Sunak called a general election for July 2024 despite being widely expected to call the election in the autumn; the Conservatives lost this election in a landslide to the opposition Labour Party led by Keir Starmer, ending 14 years of Conservative government.

After leaving office, Sunak became Leader of the Opposition and remained Conservative leader for nearly four months while the leadership election to replace him took place, and formed a shadow cabinet. He was succeeded by Kemi Badenoch, his Shadow Housing Secretary. He also intends to remain as a backbench MP for the next five years. In 2025 he took a position as a senior advisor, returning to his previous employer, Goldman Sachs, with some limits on his lobbying abilities.

Early life and education (1980–2001)

[edit]

Rishi Sunak was born on 12 May 1980 in Southampton General Hospital in Southampton, Hampshire,[4][5] to Punjabi East African-born Hindu parents.[6][7][8][9] of Khatri[10][11] community.

His father was born in the Kenya Colony in 1949, while his mother was born in the Tanganyika Territory (modern-day Tanzania).[7][12][13][14] His paternal grandfather Ramdas Sunak had migrated from Gujranwala, located in present-day Pakistan, to the Kenyan capital of Nairobi in 1935, while his maternal grandfather, Raghubir Berry, grew up in Punjab before eventually moving to Tanzania as an engineer.[7] Both of Sunak's parents had moved to the UK in 1966.[7] While in the UK they met and eventually married in 1977.[7]

Sunak lived in Portswood but moved to Bassett, after the birth of his younger brother and sister.[15] He attended Stroud School, a preparatory school in Romsey, and later studied at Winchester College as a dayboy, becoming head boy of the college.[16][17][18] He worked as a waiter, at the curry house Kuti's Brasserie in Southampton, during his summer holidays.[19][20] He read philosophy, politics and economics at Lincoln College, Oxford, graduating with a first in 2001.[18][21] During his time at university, he undertook an internship at Conservative Campaign Headquarters and joined the Conservative Party.[17] In 2006 Sunak earned a Master of Business Administration degree from Stanford University as a Fulbright Scholar.[21][22][23]

Sunak's paternal grandfather was from Gujranwala (in present-day Pakistan[24][25]), while his maternal grandfather was from Ludhiana (in present-day India[26]); both cities at the time were part of the Punjab province in British India. His grandparents migrated to East Africa, and then to the United Kingdom in the 1960s.[27] His father was born and raised in the Colony and Protectorate of Kenya (present-day Kenya), and was a general practitioner in the National Health Service (NHS). His mother, born in Tanganyika (which later became part of Tanzania), was a pharmacist who owned the Sunak Pharmacy in Southampton between 1995 and 2014, and has a degree from Aston University.[19][28] Sunak is the eldest of three siblings.[29] His brother is a psychologist and his sister works in New York as chief of strategy and planning at Education Cannot Wait, the United Nations Global Fund for Education in Emergencies and Protracted Crises.[17][30]

Career

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Business career (2001–2015)

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Sunak worked as an analyst for the investment bank Goldman Sachs between 2001 and 2004.[21][31] He then worked for hedge fund management firm The Children's Investment Fund Management (TCI), becoming a partner in September 2006.[32] He left in November 2009[33] to join former colleagues in California at a new hedge fund firm, Theleme Partners, which launched in October 2010 with $700 million under management (equivalent to $1,009 million in 2024).[34][35][36] At both hedge funds, his boss was Patrick Degorce.[37] Sunak was also a director of the investment firm Catamaran Ventures, owned by his father-in-law, the Indian businessman N. R. Narayana Murthy of Infosys, between 2013 and 2015.[31][38]

Backbencher (2015–2018)

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Sunak was selected as the Conservative candidate for Richmond (Yorks) in October 2014.[39][40] The seat was previously held by William Hague.[41] In the same year Sunak was head of the Black and Minority Ethnic (BME) Research Unit of the conservative think tank Policy Exchange, for which he co-wrote a report on BME communities in the UK.[42] He was elected as MP for the constituency at the 2015 general election with a majority of 19,550 (36.2%).[43] During the 2015–2017 Parliament he was a member of the Environment, Food and Rural Affairs Select Committee.[44]

Official MP portrait, 2017

Sunak supported the successful campaign to leave the European Union in the 2016 European Union membership referendum, criticising the EU's immigration laws: "We are discriminating against countries with whom we have ties of history, language and culture"[45] That year, he wrote a report for the Thatcherite think tank Centre for Policy Studies supporting the establishment of free ports after Brexit, and the following year wrote a report advocating the creation of a retail bond market for small and medium-sized enterprises.[46][47][48] Following Cameron's resignation, Sunak endorsed Michael Gove in the 2016 Conservative Party leadership election, and later endorsed successful candidate Theresa May after Gove was eliminated in the second round of voting.[citation needed]

Sunak was re-elected at the 2017 general election with an increased majority of 23,108 (40.5%).[49] In the same year, Sunak wrote a paper for Policy Exchange on the importance and fragility of the UK's undersea infrastructure.[50] Sunak was re-elected at the 2019 general election with an increased majority of 27,210 (47.2%).[51] Following boundary changes in the 2024 general election, Sunak won the seat of Richmond and Northallerton, which replaced his former seat of Richmond (Yorks), with a majority of 23,059 (51.4).[52]

Local government under-secretary (2018–2019)

[edit]

Sunak was appointed to a junior ministerial position in May's second government as Parliamentary Under-Secretary of State for Local Government in the 2018 cabinet reshuffle.[44] Sunak voted for May's Brexit withdrawal agreement on all three occasions, and voted against a second referendum on any withdrawal agreement. May's withdrawal agreement was rejected by Parliament three times, leading to May announcing her resignation in May 2019.[53]

Sunak supported Boris Johnson's successful bid to succeed May in the 2019 Conservative Party leadership election and co-wrote an article with fellow MPs Robert Jenrick and Oliver Dowden to advocate for Johnson during the campaign in June.[54][55]

Chief secretary to the Treasury (2019–2020)

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Sunak was appointed to the senior cabinet role of chief secretary to the Treasury by Johnson, serving under Sajid Javid.[56] He became a member of the Privy Council the next day.[57] During the 2019 general election, Sunak represented the Conservatives in debates.

Chancellor of the Exchequer (2020–2022)

[edit]
Sunak in a public information film about COVID-19, April 2020

In the weeks leading up to Johnson's first cabinet reshuffle in February 2020, a number of briefings in the press had suggested that a new economic ministry led by Sunak might be established, to reduce the power and political influence of the Treasury.[58][59] By February 2020, it was reported that Javid would remain in his role as Chancellor and that Sunak would stay on as Chief Secretary to the Treasury, in order to "keep an eye" on Javid.[60]

On 13 February 2020, the day of the reshuffle, Javid resigned as Chancellor, following a meeting with Johnson. During the meeting, Johnson had offered to allow Javid to keep his position on the condition that he dismiss all his advisers at the Treasury and replace them with ones selected by 10 Downing Street.[61] Upon resigning, Javid told the Press Association that "no self-respecting minister would accept those terms".[62][63] Sunak was promoted to chancellor to replace Javid as part of Johnson's first cabinet reshuffle later that day.[64][65]

COVID-19 pandemic

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In response to the first confirmed COVID-19 cases in January 2020, Sunak introduced advice for travellers coming from affected countries in late January and February 2020, and began contact tracing, although this was later abandoned.[66] There were further societal restrictions on the public as the virus spread across the country in the following weeks, initially resisting more stringent measures introduced elsewhere in Europe and Asia.[67] On 23 March 2020, as COVID-19 had become a pandemic and began rapidly spreading across the country, Sunak became prominent in the government's response to the pandemic and its economic impact. On 20 March 2020, Sunak gave a statement on COVID-19, saying:[68]

Now, more than any time in our history, we will be judged by our capacity for compassion. Our ability to come through this, won't just be down to what government or businesses do, but by the individual acts of kindness that we show each other. When this is over, we want to look back on this moment and remember the many small acts of kindness done by us and to us. We want to look back on this time and remember how we thought first of others and acted with decency. We want to look back on this time and remember how, in the face of a generation-defining moment, we undertook a collective national effort – and we stood together. It's on all of us.

Furlough scheme

[edit]
Sunak at a press conference on COVID-19, October 2020

Sunak introduced a programme providing £330 billion in emergency support for businesses,[69] as well as the Coronavirus Job Retention furlough scheme for employees. This was the first time a British government had created such an employee retention scheme.[70][71] The scheme was introduced on 20 March 2020 as providing grants to employers to pay 80% of a staff wage and employment costs each month, up to a total of £2,500 per person per month.[71] The cost was estimated at £14 billion a month to run.[72]

The furlough scheme initially ran for three months and was backdated to 1 March. Following a three-week extension of the countrywide lockdown the scheme was extended by Sunak until the end of June 2020.[73][74] At the end of May, Sunak extended the scheme until the end of October 2020. The decision to extend the job retention scheme was made to avoid or defer mass redundancies, company bankruptcies and potential unemployment levels not seen since the 1930s.[75] In March 2021, Sunak announced that the scheme had been extended once more until September 2021.[76]

Eat Out to Help Out

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In July 2020, Sunak unveiled a plan for a further £30 billion of spending which included a stamp duty holiday, a cut to value-added tax (VAT) for the hospitality sector, a job retention bonus for employers and the Eat Out to Help Out scheme,[77][78] aimed at supporting and creating jobs in the hospitality industry. The government subsidised food and soft drinks at participating cafes, pubs and restaurants at 50%, up to £10 per person. The offer was available from 3 to 31 August on Monday to Wednesday each week.[79] In total, the scheme subsidised £849 million in meals.[80]

Patrick Vallance and Chris Whitty were not informed of the scheme.[81] Some considered the scheme to be a success in boosting the hospitality industry,[82] whilst others disagreed.[83][84] A 2020 study found that the scheme contributed to a rise in COVID-19 infection, which Johnson acknowledged but the Treasury rejected.[85][86][87] It was later said by Vallance during the COVID-19 Inquiry that Sunak had not informed medical advisers of the scheme until it was announced, whereas written evidence from Sunak said that the scheme had been discussed with medical advisers, including Vallance, and they had not objected.[88]

Cost of living crisis and energy crisis

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Official cabinet portrait, September 2021

Amid the rising cost of living and energy crises, Sunak intensified efforts to respond to the crisis in May 2022, with a £5 billion windfall tax on energy companies to help fund a £15 billion support package for the public. The package included every household getting a £400 discount on energy bills, which would be in addition to a £150 council tax refund the government had already ordered. For about 8 million of the UK's lowest income households, a further £650 payment was announced. Additionally, pensioners or those with disability would qualify for extra payments, on top of the £550 that every household gets, and the £650 they would receive if they had a low income.[89][90][91][92]

Budgets

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Sunak in a dark blue suit standing in front of the black door of 11 Downing Street, holding a small red suitcase at arm's length.
Sunak holding the budget box the day of the October 2021 budget

Sunak presented his first budget, Delivering on Our Promises to the British People, on 11 March 2020. It was scheduled to be followed by another budget in the autumn, but in September 2020 he announced that budget would be scrapped because of the COVID-19 pandemic, stating "now is not the right time to outline long-term plans – people want to see us focused on the here and now".[93][94] Instead, additional statements were given by the chancellor in both summer and autumn.

The Winter Economy Plan was delivered by Sunak on 24 September 2020. The purpose of the statement was to announce measures aimed at further helping to promote economic recovery following the impact of COVID-19. The plan aimed to further promote economic recovery while preserving jobs and businesses which were considered viable. After a second lockdown in England on 31 October 2020, the programme was extended several times, until 30 September 2021.[95]

The July 2020 summer statement (also known as the coronavirus mini-budget) was delivered by Sunak on 8 July 2020. The purpose of the statement was to announce measures aimed at helping to promote economic recovery following the impact of the COVID-19 pandemic. The statement was delivered to the House of Commons, where Sunak unveiled a spending package worth £30bn. Concerns were subsequently raised by organisations including HM Revenue and Customs and the Institute for Fiscal Studies about the statement's impact, as well as its cost-effectiveness, while at least one major retailer declined to take advantage of a financial bonus scheme intended for rehiring employees placed on furlough during the pandemic.

In his March 2021 budget, Sunak emphasized the effect the COVID-19 pandemic has had on the economy, with 700,000 people losing their jobs, the economy shrinking by 10% (the largest fall in 300 years), and the highest borrowing outside wartime.[96][97] The budget included an increase in the rate of corporation tax from 19% to 25% in 2023, a five-year freeze in the tax-free personal allowance and the higher rate income tax threshold, and the extension of the furlough scheme until the end of September.[98] Sunak was the first Chancellor to raise the corporation tax rate since Labour's Denis Healey in 1974.[97]

In October 2021, Sunak made his third and final budget statement, which included substantial spending promises related to science and education.[99] The budget increased in-work support through the Universal Credit system by increasing the work allowances by £500 a year, and reducing the post-tax deduction taper rate from 63% to 55%.[100] £560 million of investment was announced for the Levelling Up White Paper.[101] Many of the announcements to be made in the budget were previewed before budget day, drawing criticism and anger from the House of Commons. In response to the criticism, Sunak said the budget "begins the work of preparing for a new economy".[102]

Sunak made what would ultimately be his final budget, his spring statement, on 23 March 2022. He cut fuel duty, removed VAT on energy saving equipment (such as solar panels and insulation) and reduced national insurance payments for small businesses and, while continuing with a planned national insurance rise in April, he promised to align the primary threshold with the basic personal income allowance as of July. He also promised a reduction in income tax in 2024. Sunak also provided some funding which was intended to help vulnerable people cope with the cost of living.[103]

Other actions

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Sunak in November 2021, holding a commemorative coin of Mahatma Gandhi

Sunak hosted a G7 summit in London in June 2021.[104] A tax reform agreement was signed, which in principle sought to establish a global minimum tax on multinationals and online technology companies.[104] In October 2021, the OECD signed an accord to join the tax reform plan.[105] Later that month, Sunak attended COP26 in Glasgow.[106] During his speech given on 3 November, he said that he felt optimism despite daunting challenges and that by bringing together finance ministers, businesses and investors, COP26 could begin to deliver targets from the Paris Agreement.[107]

Resignation

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Sunak (right) pictured with Boris Johnson (left), March 2020

On 5 July 2022, Sunak and Javid resigned almost simultaneously amid a scandal surrounding the sexual harassment allegations against Chris Pincher, which arose after it was revealed that Johnson had promoted Pincher to the position of Deputy Chief Whip while knowing of the allegations beforehand.[108] Sunak was the second of 61 Conservative MPs to resign during the government crisis.[109] He was succeeded as chancellor by Nadhim Zahawi. Following the resignations of Sunak and Javid, numerous junior ministers and among the parliamentary private secretary (PPS) also resigned, most of whom cited a lack of honesty and integrity on the part of Johnson. In the following 24 hours, 36 MPs resigned from their roles in government and Johnson announced his resignation. In his resignation letter Sunak said:

The public rightly expect government to be conducted properly, competently and seriously. I recognise this may be my last ministerial job, but I believe these standards are worth fighting for and that is why I am resigning. It has become clear to me that our approaches are fundamentally too different. I am sad to be leaving Government but I have reluctantly come to the conclusion that we cannot continue like this.

Conservative leadership bids

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Sunak's leadership bid logo

On 8 July 2022, Sunak announced his candidacy in the leadership election to replace Johnson.[110] Sunak launched his campaign in a video posted to social media, writing that he would "restore trust, rebuild the economy and reunite the country".[111] He said that his values were "patriotism, fairness, hard work",[112] and pledged to "crack down on gender neutral language".[113] During the campaign, Sunak pledged to included tax cuts only when inflation was under control, scrapping of the 5% VAT rate on household energy for one year, introducing a temporary £10 fine for patients who fail to attend GP appointments, capping of refugee numbers, and a tightening of the definition of asylum.[114] On 20 July, Sunak and Foreign Secretary Liz Truss emerged as the final two candidates in the contest on 20 July to be put forward to the membership for the final leadership vote. He had received the most votes in each of the series of MP votes with Sunak receiving 137 to Truss's 113 in the final round.[115] Sunak opposed Truss' economic plans and predicted they would result in economic damage, saying "Liz, we have to be honest. Borrowing your way out of inflation isn't a plan, it's a fairytale." A spokesperson for Sunak later said: "The reality is that Truss cannot deliver a support package as well as come good on £50bn worth of unfunded, permanent tax cuts in one go. To do so would mean increasing borrowing to historic and dangerous levels, putting the public finances in serious jeopardy and plunging the economy into an inflation spiral."[116]

In the membership vote, Truss received 57.4% of the vote, making her the new leader.[117] Sunak responded by offering his support to Truss, saying "It's right we now unite behind the new PM, Liz Truss, as she steers the country through difficult times."[118] He spent the duration of Truss's premiership on the backbenches. As Sunak predicted, Truss announced large-scale tax cuts and borrowing in a mini-budget on 23 September, which was widely criticised and – after it rapidly led to financial instability – largely reversed.[119] She announced her resignation on 20 October 2022 amid a government crisis, triggering a leadership contest.[120] On 22 October, it was reported that Sunak had the required number of supporters—100 members of the House of Commons—to run in the ballot on 24 October. The total number of MPs who publicly declared support passed 100 on the afternoon of 22 October.[121] On 23 October, Sunak declared that he would stand for election.[122] After Johnson ruled himself out of the race and Penny Mordaunt withdrew her candidacy, Sunak was announced as the new leader on 24 October.[123]

Premiership (2022–2024)

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The Sunak family in Downing Street (on the King's Official Birthday, 15 June 2024).

As the leader of the majority party in the House of Commons, Sunak was appointed as prime minister by Charles III on 25 October 2022, becoming the first British Asian to take the office. At 42, Sunak became the youngest prime minister since Robert Jenkinson, 2nd Earl of Liverpool, in 1812.[124] In his first speech as prime minister, Sunak said that Truss "was not wrong" to want to improve growth and that he "admired her restlessness to create change", and added that "some mistakes were made", and that he was elected as party leader, and prime minister, in part to fix them.[125] He said, "I will place economic stability and confidence at the heart of this government's agenda.[125][126][127]

Cabinet

[edit]
Sunak with his Cabinet, 9 January 2024

Sunak selected his cabinet ministers after his appointment as prime minister. Jeremy Hunt was appointed Chancellor of the Exchequer, and Dominic Raab was also re-appointed as deputy prime minister and Justice Secretary, he later resigned from these roles in April 2023 and was replaced by Oliver Dowden. James Cleverly was appointed Foreign Secretary with Suella Braverman as Home Secretary. Ben Wallace was appointed Secretary of State for Defence. Michael Gove was appointed Levelling Up Secretary, Grant Shapps was appointed as Secretary of State for Business, Energy and Industrial Strategy, and Penny Mordaunt became Leader of the House of Commons and Lord President of the council. Other key appointments included Simon Hart as Parliamentary Secretary to the Treasury and Chief Whip of the House of Commons, Nadhim Zahawi as Chairman of the Conservative Party, Oliver Dowden as Chancellor of the Duchy of Lancaster, Thérèse Coffey as Environment Secretary, Mel Stride as Work and Pensions Secretary and Mark Harper as Transport Secretary.[128]

Reshuffles

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Sunak speaking during Prime Minister's Questions, 7 February 2024

Sunak's first cabinet reshuffle in February 2023 saw a significant restructuring of government departments. New departments included those for Business and Trade, Energy Security and Net Zero, and Science, Innovation and Technology. The Department for International Trade and the Department for Business, Energy and Industrial Strategy were split and merged into other departments. Ministers who joined the cabinet in the first reshuffle included Greg Hands took over as chairman from Zahawi, though later resigned and replaced by Richard Holden. Lucy Frazer became Secretary of State for Culture, Media and Sport taking over from Donelan. Rachel Maclean left the backbenches and joined the Department for Levelling Up, Housing and Communities.[129][130] Sunak's last cabinet reshuffle in November 2023 saw the return of former prime minister David Cameron to government following a seven-year absence from frontline politics, replacing James Cleverly as foreign secretary. It also saw the departures of Braverman and Coffey from government and Hands from the cabinet, and the appointment of Laura Trott as Chief Secretary to the Treasury.[131][132][133]

Foreign policy

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Sunak with US President Joe Biden at the White House, 8 June 2023

In February 2023, Sunak negotiated a proposed agreement with the EU on Northern Ireland's trading arrangements which was published as the Windsor Framework.[134] On 27 February, Sunak delivered a statement to the House of Commons, saying that the proposed agreement "protects Northern Ireland's place in our Union.[135] On 22 March, the date of the parliamentary vote, 22 Conservative MPs and six DUP MPs voted against the government legislation.[136] The vote ultimately passed by 515 votes to 29.[136]

Immigration

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Sunak holds a press conference on the Rwanda asylum plan, 22 April 2024.
Sunak meeting Rwandan president Paul Kagame in Downing Street

In 2019 the Conservative Party and Boris Johnson pledged to reduce net migration below 250,000 per year, but Sunak said in 2023 that the priority was not to reduce legal immigration but to stop illegal immigration.[137] Nearly 30,000 undocumented migrants crossed the Channel in small boats to the UK in 2023.[138] Long-term net migration to the United Kingdom (the number of people immigrating minus the number emigrating) reached a record high of 764,000 in 2022,[139] with legal immigration at 1.26 million and emigration at 493,000.[140] Of the 1,218,000 legal migrants coming to the UK in 2023, only 10% were EU Nationals.[141]

Sunak continued the Rwanda asylum plan to have asylum seekers and illegal immigrants sent to Rwanda for processing.[142][143] After the plan was blocked by the UK's Court of Appeal in June 2023 due to concerns over international law and the possibility of refoulement (persecution of those sent to Rwanda), Sunak vowed to appeal against the verdict to the Supreme Court.[144]

On 15 November 2023, the Supreme Court upheld the ruling and declared the plan unlawful.[145] In response, Sunak sent Cleverly to Rwanda to negotiate a treaty with Rwanda focused on preventing refoulement which must now be ratified by the British and Rwandan Parliaments.[146] The government also introduced the Safety of Rwanda (Asylum and Immigration) Bill, emergency legislation giving ministers the power to disapply sections of the Human Rights Act 1998 and certain aspects of international law in order to allow them to declare Rwanda a safe country according to UK law.[147] The bill was criticised by many on the right of the party for not going far enough, resulting in the resignation of the minister for immigration, Robert Jenrick.[148]

On 12 December 2023 Sunak secured a government majority of 44 for the Safety of Rwanda Bill, despite the opposition of all other parties and abstentions from members of the European Research Group.[149]

Russia and Ukraine

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Sunak with Ukrainian President Volodymyr Zelenskyy at Chequers, May 2023

Following the 15 November missile explosion in Poland, Sunak met US President Joe Biden and delivered a speech about it.[150] Sunak later met Ukrainian President Volodymyr Zelenskyy, and pledged to give Ukraine £50 million in aid. After meeting Zelenskyy, Sunak said: "I am proud of how the UK stood with Ukraine from the very beginning. And I am here today to say the UK and our allies will continue to stand with Ukraine, as it fights to end this barbarous war and deliver a just peace."[151]

Sunak visited Ukraine on 12 January 2024 to sign a new U.K.-Ukraine Agreement on Security Cooperation with Zelenskyy promising £2.5 billion in military aid to Ukraine, including long-range missiles, artillery ammunition, air defence and maritime security, in addition to £200 million to be spent on military drones, making the UK the largest deliverer of drones to Ukraine out of any nation according to Downing Street.[152]

Israel and Palestine

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Sunak with Israeli prime minister Benjamin Netanyahu in Jerusalem, 19 October 2023

In October 2023, Hamas led a surprise attack on Israel that devolved into a war and a growing humanitarian crisis in the Gaza Strip. Sunak pledged the UK's support for Israel and declared that Israel "has an absolute right to defend itself".[153] Sunak backed calls for humanitarian pauses to allow for aid to be brought into Gaza, although he initially rejected calls for a full ceasefire as he argued that this would only benefit Hamas.[154]

Israel used British-supplied weapons in the war.[155][156] However, Sunak later condemned the high number of civilian casualties in Gaza and called for a "sustainable ceasefire" in which all Israeli hostages were returned to Israel, attacks against Israel ceased and humanitarian aid was allowed into Gaza.[157] His government supported the two-state solution as a resolution to the conflict.[158][159]

When the International Criminal Court prosecutor Karim Ahmad Khan announced that he would seek to charge Israeli prime minister Benjamin Netanyahu with war crimes, Sunak criticised the move as "unhelpful" and accused Khan of drawing a moral equivalence between Israel and Hamas.[160]

Local election results

[edit]
Sunak campaigning in July 2023

Sunak was faced with the task of rebuilding the Conservatives' reputation which had been significantly damaged by the controversies and scandals of the previous year and the Truss ministry. While their poll ratings recovered slightly over the following months, it still wasn't enough to bring them back to pre-Truss levels. Sunak contested his first local elections as leader on 4 May 2023, where the Conservatives suffered heavy losses. Two months later, on 20 July 2023, they lost two seats in by-elections; one to Labour and one to the Liberal Democrats. Their fortunes remained unchanged throughout policy changes of the following year, such as the shelving of the HS2 northern phase in October. The Conservatives lost two further seats in by-elections on 15 February 2024.

In March 2024, there were suggestions that Sunak could face a leadership challenge before the upcoming general election — which was expected within the calendar year — if the Conservatives perform poorly at the local elections on 2 May.[161][162][163] Sunak however said he would resist a challenge, even if that ends up being the case.[164][165] As predicted, 2 May saw grim showing for the Conservatives, who suffered their worst local election results since 1996. Additionally, they lost another seat to Labour in the Blackpool South by-election, and narrowly lost the West Midlands mayoral election in a knife-edge vote. Sunak's premiership was described as more stable than that of his two predecessors, while still not being able to represent a turnaround for the Conservatives.[166]

2024 general election and resignation

[edit]
Sunak announcing the general election, 22 May 2024

On the afternoon of 22 May 2024, Sunak announced that he had asked the King to call a general election for 4 July 2024, surprising his own MPs.[167] Though Sunak had the option to wait until December 2024 to call the election, he said that he decided on the date because he believed that the economy was improving, and that "falling inflation and net migration figures would reinforce the Conservatives' election message of 'sticking to the plan'".[168]

Sunak sought to rebuild the Conservative's reputation following a slump in popularity after the short-lived Truss ministry and a slew of controversies including Partygate that irreparably damaged Johnson's ministry,[169] through campaigning on stabilising the economy, the Rwanda asylum plan, further strengthening the State Pension, and introducing National Service. He released the Conservative manifesto Clear Plan. Bold Action. Secure Future. on 11 June, addressing the economy, taxes, welfare, expanding free childcare, education, healthcare, environment, energy, transport, and crime.[170][171] Sunak stated during the general election campaign that if his party lost the election he intended to remain as a backbench MP for the next 5 years.[172] On 6 June 2024, the 80th anniversary of D-Day, Sunak was heavily criticised for leaving commemoration events early to do an interview with ITV,[173][174][175] including by veterans.[176][177] Sunak apologised three times over the following week.[178]

Labour won a landslide victory in the general election, ending 14 years of Conservative government. A record number of Conservative MPs either stood down or lost their seats at the election. Three Cabinet members stood down and eight full members and four who attended Cabinet lost their seats, the highest number of sitting cabinet seat losses in history.[179] Sunak conceded the election on 5 July. In his resignation speech before tending his resignation to the King, Sunak apologised to Conservative voters and candidates for the party's heavy defeat, and announced his intention to resign as party leader once a new leader is elected. He also offered support to the incoming prime minister Keir Starmer, saying he was "a decent, public-spirited man" he respected and expressed hope he would be successful.[180][181]

To all the Conservative candidates and campaigners who worked tirelessly but without success, I am sorry that we could not deliver what your efforts deserved. It pains me to think how many good colleagues, who contributed so much to their communities and our country, will now no longer sit in the House of Commons. I thank them for their hard work, and their service. Following this result, I will step down as party leader, not immediately, but once the formal arrangements for selecting my successor are in place. It is important that after 14 years in government the Conservative Party rebuilds, but also that it takes up its crucial role in Opposition professionally and effectively.


Post-premiership (2024–present)

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Leader of the Opposition (July–November 2024)

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Sunak and his wife, Akshata Murty, leaving Downing Street

After Starmer succeeded Sunak as prime minister, Sunak immediately became Leader of the Opposition and formed his shadow cabinet on 8 July.[182][183]

Most members of Sunak's cabinet heading into the 2024 general election were given the same portfolios in the shadow cabinet, including former chancellor Jeremy Hunt, who became shadow chancellor, and former home secretary James Cleverly, who became shadow home secretary.[183] Former foreign secretary David Cameron chose to retire from frontline politics, with his former deputy Andrew Mitchell becoming shadow foreign secretary instead.[184] Richard Holden resigned as party chairman, and was succeeded by Richard Fuller in an interim capacity outside shadow cabinet.[185]

Sunak appointed new officeholders to the portfolios held by the eleven cabinet ministers who lost their seats in the election, including Edward Argar, who became shadow justice secretary after the outgoing justice secretary Alex Chalk lost his seat, as well as Helen Whately, who became shadow transport secretary after the outgoing transport secretary Mark Harper also lost his seat.[182] Among other noteworthy appointments, Kemi Badenoch became the shadow housing, communities and local government secretary and former deputy prime minister Oliver Dowden became deputy leader of the opposition.[182][186]

Sunak remained leader until his successor, Kemi Badenoch, was elected in the 2024 Conservative Party leadership election,[187][188] after which he returned to the backbenches. Responding to the 2024 State Opening of Parliament, Sunak said his party would not oppose the government "for the sake of it", but would hold them to account on their election promises. On proposals to change planning laws, Sunak said that though such changes were needed "a system that does not allow local people to have a say will damage public consent for more housing in the long term".[189] While he respected Starmer's decision to scrap the Rwanda asylum plan, Sunak said that there needed to be an alternative deterrent, otherwise "a large number of those who crossed the Channel illegally will end up remaining here".[190]

In that same speech, Sunak summarized the rapid trajectory of his political career:

On the Government benches life comes at you fast.

Soon, you might be fortunate enough to be tapped on the shoulder and be offered a junior ministerial role, then you'll find yourself attending cabinet, then in the cabinet and then when the prime minister's position becomes untenable you might end up being called to the highest office.

And, before you know it, you have a bright future behind you and you're left wondering whether you can credibly be an elder statesman at the age of 44.[190]

Other activities

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In January 2025, he became a visiting fellow at the Hoover Institution of Stanford University,[191] a distinguished fellow at the Blavatnik School of Government[192][193] and signed as an exclusive speaker with the Washington Speakers Bureau.[194] In March 2025, Sunak and his wife Akshata Murty founded a charity called The Richmond Project which aims to improve the numeracy skills of schoolchildren and adults.[195]

In July 2025, Sunak took up a position as a senior adviser at Goldman Sachs. With this appointment, ACOBA has restricted him for a year from lobbying the government and influencing policy, and advising investment funds and foreign governments.[196]

Sunak became a paid advisor to both Microsoft and artificial intelligence start-up Anthropic in October 2025; the appointments were again subject to ACOBA restrictions.[197] Sunak stated he would donate his earnings from the roles to a charity he had founded.[197]

Political positions

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Sunak and Jeremy Hunt holding a Levelling Up sign, January 2023

Sunak has been described as a moderate within his party with a technocratic or managerial leadership style.[198] According to Euronews, Sunak is "frequently perceived as a pragmatist and as belonging to the centre-ground of the Conservative Party".[199] He opposed the economic policies of Truss,[199] and although described as a fellow Thatcherite, he is viewed as less economically liberal than Truss.[200]

In April 2023, Sunak's perception as a centrist contrasted with descriptions of his government's policies on transgender and migration issues as being socially conservative, with Jessica Elgot of The Guardian describing Sunak as "perhaps the most socially conservative PM of his generation".[201] Robert Shrimsley of the Financial Times described Sunak as someone whose "easy manner, career in global finance and ethnic background might suggest a more cosmopolitan conservative", even though he is socially conservative and pragmatic.[202] Meanwhile, the New Statesman described Sunak as uneasily straddling both liberal-conservative and national-conservative instincts.[203] In July 2023, The Economist described him as "the most right-wing Conservative prime minister since Margaret Thatcher".[204]

Public image

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Following his appointment as chancellor, Sunak arrived in public discourse from relative obscurity.[205] Some political commentators saw Sunak's appointment as signalling the end of the Treasury's independence from Downing Street, with Robert Shrimsley, chief political commentator of the Financial Times, arguing that "good government often depends on senior ministers – and the Chancellor in particular – being able to fight bad ideas".[206]

In the early stages of the COVID-19 pandemic, he was popular by the standards of British politics, described by one analyst as having "better ratings than any politician since the heydays of Tony Blair".[207] Various polls showed Sunak remained overwhelmingly popular among Conservative supporters and many other Britons throughout 2020.[208][209][210] In an Ipsos MORI poll in September 2020, Sunak had the highest satisfaction score of any British chancellor since Labour's Denis Healey in April 1978, and was widely seen as the favourite to become the next Conservative leader.[211][212] Sunak developed a cult media following, with jokes and gossip about his attractiveness widespread on social media and in magazines, gaining the nickname "Dishi Rishi".[213][214][205][215][216]

Public attitudes towards Sunak remained broadly positive in 2021,[217][218][219] though his popularity declined steadily over time.[207] By early 2022, with the cost of living becoming a growing focus of public concern, Sunak's response as chancellor was perceived as inadequate and he received some of his lowest approval ratings, which continued as the Sunak family's financial affairs came under scrutiny.[220][221][222][223][224] By the time he resigned as chancellor in July 2022, Sunak's approval ratings slightly recovered.[225] In October 2022, following his appointment as prime minister, Sunak's personal favourability ratings increased.[226][227] By July 2023, Sunak's approval ratings had decreased back to a similar level to when he resigned as chancellor.[228] The New Statesman named him as the second most powerful right-wing figure of 2023, behind only Nigel Farage.[229] By his resignation as prime minister in July 2024, he had his lowest approval ratings to date.[230] Following the 2024 general election, Sunak received praise for being gracious in defeat, with some commentators recommending for the Conservatives to keep him on as leader.[231][232]

Personal life

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Sunak with his family celebrating the Coronation of Charles III and Camilla, May 2023

In August 2009, Sunak married Akshata Murty, the daughter of N. R. Narayana Murthy and Sudha Murty. His father-in-law is the founder of the technology company Infosys, in which Murty owns a stake.[18][233] Sunak and Murty met while studying at Stanford University in the US, and he proposed to her on a cliff near the Ritz-Carlton Half Moon Bay.[234] They have two daughters: the first born in 2011 and the second in 2013.[18][22] In November 2020, Sunak was reported by The Guardian to have not declared a significant amount of his wife and family's financial interests on the register of ministers' interests, including a combined £1.7 billion shareholding in Infosys. Ministers are required to declare interests that are "relevant" to their responsibilities and "which might be thought to give rise to a conflict" with their public duties.[235] The independent adviser on ministers' interests investigated and concluded that Sunak had not broken any rules.[236][237]

In early 2022, newspapers reported that Murty had non-domiciled status, meaning she did not have to pay tax on income earned abroad while living in the UK.[238] The status cost approximately £30,000 to secure, and allowed her to avoid paying an estimated £20 million in UK taxes.[238][239] On 8 April Murty issued a statement saying that she would pay UK taxes on her global income, and that she regretted the issue had become "a distraction for [her] husband". An inquiry was set up to identify the source of the leak regarding her tax status.[240] Reporting around this time also revealed that Sunak had continued to hold United States' permanent resident (green card) status he had acquired in the 2000s until 2021, including for 18 months after he was made chancellor, which required filing annual US tax returns.[241][242] An investigation into both his wife's tax status and his residency status found that Sunak had not broken any ministerial rules.[243]

Sunak and Murty live in Kirby Sigston, near Northallerton, North Yorkshire.[244] They own several other homes, including a mews house in Earl's Court in central London; a flat on the Old Brompton Road in South Kensington; and a penthouse apartment on Ocean Avenue in Santa Monica, California.[245][246][247][17][248] In April 2022, it was reported that Sunak and Murty had moved out of the flat above 10 Downing Street to a newly refurbished west London home for domestic reasons.[249][250] In October 2022, the Sunaks resumed residence of their former official home at 10 Downing Street, this time as prime minister and reversing the trend started in 1997 of prime ministers living in the four-bedroom flat above 11 Downing Street.[251][252][253] In August 2023, Sunak and his family quietly left the UK for 10 days in Santa Monica for his first holiday in almost four years, where they visited the Santa Monica Pier and Disneyland, and attended one of the concerts of The Eras Tour by Taylor Swift.[254]

Sunak at the gathering on Johnson's birthday that breached COVID-19 regulations, June 2020

In April 2022, amid the Partygate scandal, Sunak was issued a fixed penalty notice by the police who believed he had committed offences under COVID-19 regulations by attending a birthday gathering for Boris Johnson on 19 June 2020. The police also issued 125 fixed penalty notices to 82 other individuals, including Johnson and his wife Carrie Symonds, who all apologised and paid the penalties.[255][256] After receiving the penalty notice, Sunak said he was "extremely and sincerely sorry" for the hurt caused by him attending the party, and that he respected the police's decision to give him a fine.[257] In January 2023, Sunak was issued a fixed penalty notice by Lancashire Constabulary after a social media video of him failing to wear a seat belt in a moving vehicle was published.[258] Sunak apologised for the incident and said he made a "brief error of judgment".[259]

Sunak is a teetotaller.[260] He stated in 2022 that he had seven dental fillings due to excessive consumption of Coca-Cola when he was younger, and expressed a strong preference for Mexican Coke.[261] He was previously a governor of the East London Science School.[42] Sunak has a Labrador called Nova and is a cricket and horse racing enthusiast.[262][263][264] As chancellor, Sunak rose early for a daily Peloton workout and was a fan of fitness instructor Cody Rigsby. Sunak is a close friend of The Spectator's former political editor James Forsyth, whom he has known since their school days. Sunak was the best man at Forsyth's wedding to the journalist Allegra Stratton, and they are godparents to each other's children.[17] He appointed Forsyth as his political secretary in December 2022.[265]

Sunak is a steadfast Southampton F.C. fan.[266][267] When asked what his ideal job would be if he was not a politician, he replied that if he could "run Southampton Football Club" he would be a "very happy man".[268]

Sunak is a Hindu and identifies as British Indian, stating that he is "thoroughly British" but with an Indian religious and cultural heritage.[269] He took his oath as an MP at the House of Commons on the Bhagavad Gita.[27][270][271] During the coronation of Charles III, Sunak gave a reading from the New Testament book of Epistle to the Colossians – Colossians 1:9–17.[272][273] After the murder of George Floyd by police officer Derek Chauvin, Sunak said he had also faced racism in his life.[200]

Speaking about his childhood during the 2024 general election campaign, Sunak said his parents "wanted to put everything into our education and that was a priority" and that he did not have Sky TV growing up.[274]

Awards and honours

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See also

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Notes

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References

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Further reading

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Revisions and contributorsEdit on WikipediaRead on Wikipedia
from Grokipedia
Rishi Sunak (born 12 May 1980) is a British and former investment banker who served as of the and Leader of the Conservative Party from 25 October 2022 to 5 July 2024. Born in to parents of Punjabi Indian descent who had emigrated from , Sunak grew up in a family where his father worked as an NHS and his mother managed a . Educated at , the (where he read ), and (where he earned an MBA), Sunak began his career in finance at and later as a partner at hedge funds including . He entered as the Member for Richmond (Yorks) in 2015, rising rapidly to ministerial roles including Minister of State for in 2018 and in 2019. Appointed in February 2020, he directed substantial fiscal interventions during the , notably the furlough scheme that supported wages for millions of workers. Sunak succeeded as amid economic turbulence following her brief tenure, pledging to restore stability by halving , reducing national debt, cutting NHS waiting lists, stopping small boat crossings in the , and advancing the asylum partnership to deter illegal migration. His achieved a reduction in from over 10% to around 2% by mid-2023 through coordination and supply-side measures, though growth remained subdued and strikes persisted. Controversies included internal party divisions over net zero commitments, which he adjusted by delaying certain mandates and boiler phase-outs to prioritize and cost-of-living relief, as well as ongoing legal challenges to the policy that prevented its implementation despite legislative passage. His leadership culminated in a substantial electoral defeat for the Conservatives in July 2024, after which he remained as an MP for the redrawn Richmond and Northallerton constituency; in 2025, he took up roles as a senior advisor at and a columnist for .

Early life and education

Family background and childhood

Rishi Sunak was born on 12 May 1980 in Southampton, England, to Yashvir Sunak, a general practitioner in the National Health Service, and Usha Sunak, a pharmacist. His parents, both Hindus of Punjabi Indian descent, were born in East Africa—Yashvir in Kenya and Usha in Tanganyika (present-day Tanzania)—to grandparents who had emigrated from Punjab in the mid-20th century amid British colonial labor migrations. The family immigrated to the United Kingdom in the 1960s, settling in Southampton where Sunak's parents met, married, and established professional lives in medicine and pharmacy. Sunak is the eldest of three siblings, with a younger brother, Sanjay, who works as a , and a younger sister, Raakhi, employed in humanitarian roles based in New York. The family resided in a modest home at 21 Spindlewood Close in the Basset area of , reflecting a middle-class upbringing centered on professional service and Hindu cultural practices, including and temple attendance. His parents operated or were associated with a local , where Sunak occasionally assisted during his , instilling early exposure to operations and community service. During his childhood in , a city with a diverse but predominantly white population in the , Sunak encountered instances of racial prejudice, including at a local fast-food outlet, which he later described as formative experiences of amid an otherwise stable family environment. The family's East African Indian heritage emphasized thrift, education, and resilience, values Sunak has attributed to his parents' migratory path from colonial-era disruptions in to integration in Britain.

Schooling and formative influences

Sunak began his formal education at Oakmount Preparatory School, a private institution in , attending from around age four until its closure in 1989. He then enrolled at Stroud School, another private preparatory school in , , where he excelled academically and extracurricularly. In his final year there, Sunak served as head boy and captained the cricket team, while also competing in football, hockey, and athletics, activities that honed his teamwork and competitive discipline. Teachers at Stroud noted his standout potential early, with some predicting he would one day become . From the early 1990s until approximately 1998, Sunak attended , a historic independent founded in 1382 for boys aged 13 to 18, known for its rigorous classical and emphasis on . He attended as a day boy despite the school's boarding tradition and rose to become head boy, a role requiring oversight of prefects and significant administrative responsibilities within the school's unique divisional system. This position, elected by peers and staff, underscored his emerging leadership and interpersonal skills at a institution selective for intellectual aptitude, where entry is based on competitive scholarships or fees his parents funded through personal sacrifices, such as forgoing household luxuries like Sky television. The formative environment at , with its focus on analytical reasoning, debating, and classical studies over vocational training, cultivated Sunak's capacity for structured argumentation and interrogation, traits evident in his subsequent academic pursuits. Leadership experiences across both and Winchester instilled a sense of duty and resilience, as head boy roles involved managing peer conflicts and upholding institutional traditions amid a demanding schedule. These school years, entirely in private settings without state education involvement, were supported by familial emphasis on scholastic achievement as a pathway to opportunity, shaping his pragmatic outlook on merit and aspiration.

University studies and early achievements

Sunak matriculated at , in 1998 to read (PPE), graduating in 2001 with a first-class degree. The PPE program, known for producing numerous British political leaders, emphasized analytical skills in , , and economic theory, aligning with Sunak's subsequent career trajectory in finance and . At , Sunak participated in an investment club that organized events with professionals, providing early exposure to financial networks and contributing to his post-graduation recruitment by . This involvement demonstrated his precocious interest in markets and investment, predating formal entry into the sector. Following , Sunak earned a from in 2006, funded by a Fulbright Scholarship. The program equipped him with advanced business acumen, and during his studies there, he met , whom he later married. His selection as a Fulbright Scholar marked an early distinction in international academic merit, recognizing potential for cross-cultural leadership.

Private sector career

Entry into finance

Upon completing his degree in at , in 2001, Sunak entered the sector by joining in as an analyst. His initial role involved a summer in in 2000, followed by a full-time position from 2001 to 2004, where he worked in the emerging markets department, gaining experience in structured equity derivatives and trading. During his tenure at Goldman Sachs, Sunak contributed to the bank's operations amid volatile post-9/11 financial markets, with the firm reporting a 25% drop in profits for due to global economic disruptions. As a junior analyst, his work focused on analytical tasks supporting client transactions in high-growth regions, building foundational expertise in and market dynamics that characterized early-career roles in . This period marked his transition from academia to professional , leveraging his academic background in to navigate complex financial instruments. Sunak departed Goldman Sachs in 2004 to pursue a Master of Business Administration at Stanford University's Graduate School of Business, where he studied on a Fulbright Scholarship and specialized in finance. His time at Goldman provided initial exposure to global capital markets, setting the stage for subsequent roles in hedge fund management upon returning to the UK.

Hedge fund roles and investments

Following his MBA from in 2006, Sunak joined (TCI), an activist hedge fund established by British billionaire in 2003, focusing on equity investments and shareholder campaigns to unlock value in underperforming companies. He advanced to partner at TCI by September 2006, where he supported senior portfolio managers in executing activist strategies, including high-profile interventions such as stakes in companies like and , though his role was operational rather than lead decision-making. TCI's aggressive tactics, which generated average annual returns exceeding 20% during his tenure, contributed to Sunak's compensation, with partners at such funds typically earning multimillion-pound bonuses tied to performance fees. Sunak departed TCI in 2009 amid internal shifts, including the fund's relocation to the for tax efficiency, and co-founded Theleme Partners LLP later that year with former TCI colleagues, notably French investor , who served as a key decision-maker. Theleme operated as a long/short equity managing approximately $700 million in assets by the early 2010s, emphasizing value-oriented investments in European and global equities with a focus on undervalued opportunities. As a founding partner, Sunak contributed to portfolio analysis and until stepping back in 2014 to pursue , during which time the fund delivered strong returns, reportedly averaging over 10% annually net of fees in its initial years. These hedge fund positions formed the core of Sunak's private-sector wealth accumulation, with disclosed earnings from TCI and Theleme exceeding £4 million in capital gains and dividends by 2019, primarily from performance-linked and personal stakes in fund profits. While neither fund disclosed specific trades attributable solely to Sunak, TCI's historical bets—such as profiting from short positions during the —and Theleme's focus on sectors like healthcare and consumer goods aligned with broader market recoveries that amplified partner payouts. Sunak's involvement ended prior to his 2015 parliamentary election, after which he divested direct fund interests to comply with disclosure rules, though residual investment vehicles tied to these roles persisted in his family's portfolio.

Business ventures and wealth accumulation

Following his MBA from Stanford University Graduate School of Business in 2006, Sunak joined (TCI), an activist hedge fund founded by , where he focused on emerging markets investments. He advanced to partner status at TCI in September 2006 and remained until 2009, during a period when the fund achieved significant returns through high-conviction equity strategies. In 2010, Sunak became a founding partner at Theleme Partners, a London-based established by former TCI executive and others, specializing in global equities. The fund managed assets peaking at around $2 billion, emphasizing concentrated long-term positions in undervalued companies. Sunak's involvement ended in 2013 as he prepared for political entry, after which he held no ongoing role or financial interest tied to the fund's performance. In 2013, Sunak co-founded Catamaran Ventures UK Limited with his wife, Akshata Murty, as a private investment vehicle funding early-stage UK technology and consumer startups, including firms like Geobreeze and Lendable. The entity received initial funding via a £4 million interest-free loan from Murty and invested in over a dozen companies, though returns were modest and not publicly detailed. Sunak resigned as director in 2015 upon his election to Parliament; the firm was wound down in 2023, with remaining holdings transferred to the ShareGift charity. Sunak's personal wealth accumulation stemmed primarily from compensation in and funds, where exceeded £100,000 annually even in the early , supplemented by capital gains from personal investments held largely in a U.S.-domiciled . For the financial year 2022-2023, he reported £2.2 million in total income, including £1.6 million in capital gains and £300,000 from investments and . A significant portion derived from a U.S. yielding approximately £4 million in profits by 2023, managed independently to avoid conflicts during his political tenure. Combined estimates with his wife's assets reached £651 million in the 2024 , driven overwhelmingly by Murty's 0.93% stake in —valued at over £600 million—stemming from her inheritance as daughter of the company's co-founder , rather than Sunak's direct business activities. This distinction underscores that Sunak's individual fortune, while substantial from finance, constitutes a minority of the total, with no evidence of undue leveraging of public office for personal gain.

Political entry and early career

2015 election and backbench period

Sunak was selected as the Conservative candidate for the Richmond (Yorks) constituency in November 2014 after the retirement of long-serving MP was announced earlier that year. At the general election on 7 May, he was elected as the (MP), winning the safe Conservative seat previously held by Hague since 1989. As a new backbench MP, Sunak joined the Environment, Food and Rural Affairs Select Committee in July 2015, serving until 2017. In this role, he scrutinized Department for Environment, Food and Rural Affairs (Defra) policies, including questioning Rural Payments Agency officials in September 2015 on delays in (CAP) payments to farmers, securing assurances for prompt disbursements to alleviate financial pressures on rural businesses. Sunak actively backed the campaign to leave the during the 2016 referendum, publicly endorsing the Leave position as one of the earlier Conservative MPs to do so. Following the vote in favor of , he supported the government's efforts to implement the result while representing constituent interests in North Yorkshire's agricultural and rural economy. His backbench tenure emphasized fiscal prudence and local economic concerns, aligning with his prior finance background. This period ended in late 2017 when he was appointed Parliamentary Private Secretary (PPS) to the Department for Business, Energy and Industrial Strategy.

Parliamentary select committees

Following his election as for Richmond (Yorks) in May 2015, Sunak joined the Environment, Food and Rural Affairs Select Committee, which scrutinises the policies, administration, and expenditure of the Department for Environment, Food and Rural Affairs (DEFRA). His appointment was part of the committee's membership formally announced on 8 July 2015, comprising 11 members tasked with inquiries into agricultural, environmental, and rural matters. Sunak served on the through the 2015–2017 , contributing to its oversight of DEFRA's operations amid challenges such as transitions and rural economic pressures. In August 2016, he publicly endorsed the 's inquiry into , highlighting its potential to distribute economic gains from visitor spending more equitably across rural areas, including through better and promotion of lesser-known attractions. This reflected his focus on leveraging to bolster constituencies like his own in , where agriculture and rural enterprise form key economic pillars. No records indicate Sunak's membership in other select committees during this backbench phase, as his parliamentary duties shifted toward junior governmental roles by mid-2017 following the general election. His committee tenure provided early experience in cross-party scrutiny, informing subsequent positions on fiscal and economic policy.

Local government roles

Sunak served as Parliamentary Under-Secretary of State for Local Government at the Ministry of Housing, Communities and Local Government from 9 January 2018 to 24 July 2019. In this junior ministerial position, his portfolio encompassed local government policy and reform, financial matters including local taxation, business rates, and pensions, as well as local elections, parish councils, fire and rescue services, local growth initiatives, productivity enhancement, and devolution arrangements with metro mayors. During his tenure, Sunak focused on bolstering local authorities' financial sustainability amid post-austerity recovery, with the government projecting core spending power for to reach £84 billion by 2020–21, reflecting a 9% real-terms increase from 2016–17 levels through a combination of grant funding and retained business rates. He advocated for empowering local leaders via deals, arguing that decentralizing powers over housing, transport, and skills would drive and better address regional disparities, as outlined in his address to the Local Government Association conference in July 2018. Sunak contributed to the provisional local government finance settlement for 2018–19, which allocated an additional £200 million for adult social care and upheld council tax referendum principles requiring resident approval for increases exceeding 3% (or 2% for social care precepts), aiming to balance fiscal pressures with taxpayer protections. He also advanced preparatory work on the Fair Funding Review, launched in 2018 to overhaul resource allocation formulas by incorporating updated demographic needs, economic incentives, and rural cost adjustments, with consultations emphasizing fairness over historical precedents. In speeches to bodies like the National Association of Local Councils, he highlighted support for smaller parish and town councils through simplified governance and funding flexibilities to foster community-led projects. These efforts occurred against a backdrop of ongoing debates over business rates reform, where Sunak endorsed shifting toward a system rewarding growth by allowing councils to retain more revenue from local economic expansion, though full implementation awaited subsequent budgets.

Ministerial roles before Chancellorship

Chief Secretary to the Treasury

Sunak was appointed on 24 July 2019 by Prime Minister , shortly after Johnson's election as Conservative leader, serving under Chancellor until his promotion on 13 February 2020. In this senior cabinet position, Sunak acted as the Chancellor's deputy, with primary responsibility for scrutinizing and controlling public expenditure across government departments, negotiating spending allocations during reviews, and enforcing fiscal discipline to align with overall economic strategy. A central task during Sunak's tenure was leading the 2019 Spending Round, a one-year fiscal review fast-tracked in response to uncertainties, which he was tasked with running to allocate resources and provide departmental budget certainty for 2020–21. Announced by Javid on 4 September , the review delivered on Johnson's pledges by increasing day-to-day departmental spending by 0.9% in real terms—totaling £13.4 billion in additional resource departmental expenditure limits (RDEL)—with specific uplifts for health (£2.4 billion), education (£2.1 billion), and £2.5 billion earmarked for no-deal preparations, including border and infrastructure. Sunak emphasized the review's role in enabling departments to focus on delivery while maintaining fiscal prudence amid economic volatility. Sunak's brief stint also involved early coordination on post-election priorities, such as supporting Johnson's "levelling up" agenda through targeted infrastructure and funding within spending constraints, though detailed outcomes were deferred to subsequent reviews due to the impending comprehensive spending examination planned for later. His performance in managing inter-departmental negotiations earned internal recognition, positioning him for rapid advancement when Javid resigned amid tensions with Johnson over special adviser arrangements, leading to Sunak's elevation to on the same day.

Key departmental responsibilities

As from 24 July 2019 to 13 February 2020, Rishi Sunak served as the deputy to Sajid Javid, overseeing the control and allocation of public expenditure across government departments. His primary duties included managing spending reviews to set multi-year departmental budgets, enforcing in-year spending controls to prevent overspends, and ensuring strategic planning aligned with fiscal objectives. Sunak focused on driving value for money in public spending, which encompassed scrutinizing major infrastructure projects, identifying efficiency savings, and challenging departments to justify proposed expenditures. In this role, he contributed to preparations for the 2020 Spending Review, emphasizing fiscal discipline amid post-Brexit economic uncertainties and the need to balance investment with deficit reduction. He also handled coordination with other Treasury ministers on cross-departmental budget negotiations, aiming to prioritize high-impact areas such as infrastructure while curbing wasteful outlays. During his brief tenure, Sunak's work laid groundwork for subsequent fiscal responses, including early assessments of economic pressures that would intensify with the onset of the in early 2020, though major interventions occurred after his promotion to . The role demanded rigorous oversight of approximately £800 billion in annual , with Sunak advocating for data-driven decisions to enhance and long-term sustainability.

Chancellor of the Exchequer

COVID-19 economic interventions

As from February 13, 2020, Rishi Sunak oversaw the UK's initial economic response to the , announcing a £30 billion package on March 17, 2020, followed by further measures totaling £350 billion in loans, guarantees, and aid to support es and households amid lockdowns. This included a business rates holiday for retail, , and sectors, retrospective from March 11, 2020, and £25,000 grants for properties in those sectors with rateable values up to £51,000. On March 20, 2020, Sunak introduced the (furlough), subsidizing 80% of furloughed workers' wages up to £2,500 per month, initially until June 2020 and extended multiple times to September 30, 2021, protecting over 11 million jobs at a cost of approximately £70 billion. The scheme was complemented by the Self-Employment Income Support Scheme launched March 26, 2020, providing taxable grants of 80% of average monthly trading profits up to £2,500 for three months, later extended with additional top-ups. In May 2020, the Bounce Back Loan Scheme was rolled out, offering small and medium-sized enterprises loans of £2,000 to £50,000 (up to 25% of 2019 turnover), fully government-guaranteed with no interest or fees for the first year, disbursing £46.59 billion to over 1.1 million businesses to bridge cash flow gaps. To stimulate hospitality recovery, the scheme began August 3, 2020, reimbursing 50% of meal costs up to £10 per person on Mondays to Wednesdays until August 31, 2020, at a cost of £840 million and supporting 1.8 million jobs by boosting demand. Sunak later defended the initiative at the , arguing it curbed job losses without evidence of significantly driving infections beyond broader reopening trends. These interventions, including the for startups providing convertible loans up to £125,000 matched by private investment, prioritized liquidity and employment preservation, with the alone averting widespread redundancies during enforced closures. By October 2020, schemes transitioned to the Job Support Scheme, subsidizing wages for viable jobs in restricted sectors, reflecting a shift from blanket support to targeted aid as restrictions eased. Overall, the measures mitigated GDP contraction to 9.8% in 2020 while incurring fiscal costs exceeding £300 billion, funded through increased borrowing.

Fiscal policies and budgets

As Chancellor, Sunak emphasized fiscal responsibility amid post-COVID recovery, advocating preparation for economic downturns with the phrase "fix the roof while the sun is shining" to build reserves and stabilize public finances. This approach involved extending emergency support while signaling future tax increases to address a projected deficit of £355 billion, or 17% of GDP, in 2021-22. However, these measures contributed to the highest tax burden as a share of GDP since the late 1940s, reaching around 35% by 2022. In the Spring Budget of 3 March 2021, Sunak extended COVID-related schemes including the program to September and self-employment support to December, alongside £65 billion in additional measures over two years. Key fiscal announcements included freezing the tax allowance at £12,570 until 2026, projected to raise £14.5 billion annually by 2026, and raising the corporation rate from 19% to 25% by April 2023 for profits over £250,000, marking the first increase since 2012. He also committed £36 billion extra for the NHS over three years, initially without specifying funding sources beyond general rises. The Autumn Budget on 27 October 2021 shifted focus to long-term spending, unveiling a £36 billion annual increase in the NHS and adult social care by 2024-25, funded by a 1.25 rise in Contributions (NICs) for employees, employers, and the self-employed starting April 2022, alongside a new Levy applied to working pensioners. This levy, effectively a NIC surcharge, was expected to generate £15.8 billion yearly by 2024-25 but drew criticism for burdening workers during recovery. Other measures included extending business rates relief for retail, hospitality, and leisure sectors at 50% up to £110,000 until March 2022 and freezing fuel duty. The Spring Statement of 23 March 2022 addressed and the Ukraine crisis, confirming the NIC threshold alignment with at £12,570 from July 2022 while proceeding with the 1.25% NIC hike, and introducing a £150 rebate for households in council tax bands A-D. support included a £200 discount on bills recouped over five years and a £350 grant, adding to borrowing pressures with public sector net debt at 96.4% of GDP. Sunak outlined a Tax Plan for growth, enhancing R&D tax credits and full expensing for capital investments from 2023, aiming to boost productivity despite forecasts of slower growth. These budgets collectively raised over £30 billion in taxes annually, prioritizing public service funding over cuts, though the NIC increase was later reversed in July 2022 after Sunak became .

Resignation and leadership tensions

Sunak resigned as on 5 July 2022, minutes after Health Secretary submitted his own resignation, amid escalating fallout from the , in which Boris had appointed a deputy chief whip despite prior awareness of allegations against Pincher. In his resignation letter to Johnson, published on at approximately 18:10 BST, Sunak stated that he had "reluctantly come to the conclusion that we cannot continue like this," citing the government's failure to uphold standards of "competence and integrity" expected by the public. He highlighted repeated instances where the administration had prioritized political expediency over candor, particularly in handling scandals like Partygate and Pincher, which had eroded public trust. Underlying the resignation were deepening policy divergences, with Sunak advocating for fiscal restraint to address rising and borrowing costs, in contrast to Johnson's push for unfunded cuts and spending commitments that Sunak viewed as economically unsustainable. Sunak's letter explicitly referenced these tensions, noting that short-term measures like proposed reductions risked long-term economic damage without corresponding welfare reforms or gains. Leadership speculation had intensified earlier in 2022, fueled by leaks to the media about Sunak's personal finances—including stories on his wife's non-domiciled status—which his allies perceived as orchestrated efforts by Johnson supporters to undermine his potential bid to succeed the . These episodes highlighted broader frictions within the Conservative Party, where Sunak's popularity among backbench MPs clashed with Johnson's reliance on a loyal inner circle amid declining poll ratings. The resignations precipitated a cascade of over 50 ministerial and aide departures by 7 July, forcing Johnson to face a confidence vote among Conservative MPs, which he narrowly survived with 211 votes against 148 calling for his removal. However, the instability culminated in Johnson's announcement of his intent to resign as on 7 July, paving the way for a leadership contest in which Sunak emerged as a frontrunner. Critics, including some Conservative figures, attributed Sunak's move partly to ambition, arguing that while principled in tone, it accelerated Johnson's downfall to clear a path for his own premiership aspirations, though Sunak maintained the action stemmed from irreconcilable differences over governance integrity.

Path to Premiership

2022 leadership contest

Rishi Sunak resigned as on 5 July 2022, joining a mass exodus of ministers that undermined Boris Johnson's position and prompted the to announce his intention to resign the following day. Sunak formally launched his bid for the Conservative Party leadership on 8 July 2022, emphasizing the need for , party unity, and addressing the cost-of-living crisis through targeted interventions rather than broad unfunded tax reductions. His campaign, branded "Ready for Rishi," highlighted his record in managing the economy during the and pledged measures including a £30 billion package to ease energy bills, reforms to reduce NHS waiting lists, and stricter enforcement against illegal Channel crossings. Eleven candidates initially entered the contest, but only six secured the required 20 nominations from MPs to proceed to the first ballot on 13 July 2022. Sunak topped every subsequent MP ballot, eliminating rivals including and advancing to the final alongside ; in the decisive fifth ballot on 20 July, he received 137 votes to Truss's 113 out of 250 participating Conservative MPs. The decision then passed to the party membership, with hustings held across the over the summer; polls indicated Truss's lead among members, drawn to her advocacy for immediate tax cuts and inspired by Thatcherite . On 5 September 2022, the result was announced: secured 81,326 votes (57.4 percent) to Sunak's 60,399 (42.6 percent), based on ballots returned by around 141,725 of the estimated 172,000 eligible members. Sunak conceded gracefully, congratulating and pledging to support her government, though his warnings during the campaign about the fiscal risks of rapid tax cuts without offsetting measures were later evidenced by market instability following 's mini-budget announcement on 23 September. was appointed prime minister by the King on 6 September 2022, ending the contest.

Formation of government

Following his uncontested victory in the Conservative Party leadership election and appointment as Prime Minister by King Charles III on 25 October 2022, Rishi Sunak moved rapidly to assemble his first cabinet, completing most senior appointments within hours to project stability amid economic turmoil and party divisions inherited from Liz Truss's 49-day premiership. The process emphasized experienced figures from prior governments, with Sunak prioritizing continuity in critical roles to calm financial markets, which had been unsettled by Truss's unfunded tax cuts and subsequent U-turns. Sunak's initial key appointment was the reappointment of as , a position Hunt had assumed only weeks earlier under to reverse her fiscal policies; this decision was explicitly aimed at signaling fiscal prudence and restoring investor confidence, as evidenced by immediate positive market reactions including a strengthening pound. He also retained as Foreign Secretary and Ben Wallace as Defence Secretary, while elevating to and , and appointing as —drawing on Braverman's prior experience in the role under . Other notable inclusions were Therese Coffey as Secretary of State for Environment, Food and Rural Affairs, and as , reflecting a blend of loyalists and pragmatic conservatives to unify a party fractured by recent leadership upheavals. This formation marked a departure from Truss's ideological experiment, with Sunak's selections—totaling 23 ministers announced that day—focusing on competence over factionalism, though it sidelined some Truss allies and prompted minor internal grumbling from the party's right wing over perceived moderation. The cabinet's composition, heavily weighted toward Remain-voting MPs from the intake, underscored Sunak's intent to prioritize governance over Brexit-era divides, setting the stage for his pledges on economic repair and public service delivery.

Premiership

Economic and fiscal management

Upon assuming the premiership on 25 October 2022, Rishi Sunak emphasized restoring amid market instability triggered by the preceding government's unfunded tax cuts. He appointed as , who delivered the Autumn Statement on 17 November 2022, introducing measures to raise approximately £38 billion through tax increases and spending reductions over five years. These included raising the corporation tax rate to 25% for profits over £250,000 from April 2023, freezing personal tax thresholds until 2028 to generate revenue via fiscal drag, and extending energy bill support while curtailing some welfare uprating. The fiscal strategy adhered to rules requiring the current budget to balance in the medium term and net to fall as a share of GDP within five years, aiming to reassure financial markets and curb then peaking at 11.1%. In the Spring Budget on 15 March 2023, Hunt focused on growth by abolishing the non-dom tax status, introducing full expensing for capital s to incentivize business spending, and expanding childcare support for working parents, projected to boost labor participation. Corporation tax hikes were confirmed, but offset by incentives like a 100% allowance, reflecting a balance between revenue needs and pro-growth policies. Economic performance under Sunak saw consumer price halve from 10.1% in December 2022 to 4% by December 2023, meeting his pledge amid rate hikes and global disinflation, though food and energy prices remained elevated. GDP contracted by 0.1% in Q4 2022 and 0.3% in Q1 2023, entering a technical , with cumulative growth of 0.1% from Q4 2019 to Q1 2024 lagging pre-pandemic trends. net debt rose to 97.9% of GDP by April 2024, up from 85.1% at premiership start, exceeding forecasts due to higher borrowing of £119 billion in 2023/24. Sunak's approach prioritized fiscal credibility over stimulus, contrasting with Truss's market-disrupting experiment, and included initiatives like investment zones for , though implementation faced delays. Critics from left-leaning outlets argued deepened stagnation, while supporters credited restraint with averting a sterling and enabling inflation's decline without recessionary depth seen elsewhere. Debt interest payments doubled to £103 billion in 2023/24, underscoring structural pressures from prior spending. Overall, the period marked stabilization but persistent challenges in growth and .

Immigration and border policies

Upon assuming the premiership in October 2022, Rishi Sunak identified stopping illegal Channel crossings by small boats as one of his five core priorities, framing it as essential to restoring border control and deterring people smuggling networks. The policy approach emphasized deterrence through legislation and enforcement, including expanded detention powers and expedited removals, amid ongoing legal and operational challenges from activist groups and European partners. The , which received on 20 July 2023, mandated the detention of all irregular arrivals detected entering the and barred them from claiming asylum, with provisions for swift removal to their home country or a safe third country. This measure aimed to eliminate incentives for dangerous crossings by ensuring no prospect of settlement, though implementation faced delays due to capacity constraints and judicial reviews, resulting in a backlog of over 50,000 cases by early 2024 where claims could not be processed. Central to Sunak's strategy was the advancement of the UK-Rwanda Migration and Economic Development Partnership, initiated under but prioritized by Sunak to relocate irregular migrants to for asylum processing, thereby breaking the business model of smugglers. Following the UK Supreme Court's November 2023 ruling that did not meet safety standards for refoulement risks, Sunak's government introduced the Safety of Rwanda Bill, enacted on 24 April 2024, which declared safe by statute and limited judicial oversight of deportations. Sunak pledged initial flights within 10-12 weeks, but none materialized before the Conservative defeat in the 2024 general election, with costs exceeding £290 million by that point without relocations. Small boat arrivals across the declined by 36% in the calendar year 2023, totaling 29,437 compared to 45,756 in 2022, which the government credited to intensified cooperation with , enhanced border surveillance, and returns agreements with accounting for over half of enforced removals. Deportations of foreign national offenders reached a five-year high of 3,682 in the year to September 2023, supported by legislative changes facilitating faster decisions. However, crossings resumed upward trends in early 2024, with over 8,000 detected by May, underscoring persistent smuggling adaptability despite tactical disruptions like targeted strikes on operational centers in northern . Broader efforts targeted legal migration to curb net inflows, which hit a record 745,000 for 2022 and remained elevated at approximately 685,000 for the year ending December 2023, driven by non-EU work and study visas. Sunak's administration imposed restrictions in December 2023, raising salary thresholds from £26,200 to £38,700 and curtailing dependants for care workers and students, alongside a January 2024 ban on family accompaniment except for postgraduates. These measures contributed to a provisional 10% drop in net migration estimates for 2023, though critics from migration advocacy groups argued they failed to address root pull factors like labor shortages without of deterrence outweighing economic impacts.

Domestic reforms and controversies

Sunak's introduced welfare reforms aimed at addressing the rising costs of and health-related benefits, which were projected to increase by 13% in real terms to over £48 billion annually by 2028/29. In September 2023, measures included tightening eligibility for (PIP) and , shifting focus toward supporting work capability rather than cash transfers for milder conditions, and requiring more frequent reassessments to encourage . By April , Sunak described the reforms as a " mission" to reduce dependency, announcing a review of the system to exclude payments for lower-level conditions and limit payouts for those refusing suitable job offers after 12 months of unemployment. These changes sought to counter the post-COVID surge in long-term sickness claims, which had risen to 2.8 million working-age adults by early , amid evidence that generous benefits correlated with reduced labor participation. In housing policy, Sunak committed to constructing one million new homes over the parliamentary term, emphasizing brownfield regeneration in urban areas and streamlining planning processes to override local objections on nutrient neutrality rules that had stalled developments. Announced on July 24, 2023, the plan included converting empty commercial buildings into residential units and relaunching an enhanced Help to Buy scheme in June 2024, offering equity loans up to 20% for first-time buyers of new builds to boost supply amid chronic shortages. Critics, including opposition figures, argued the reforms inadequately addressed greenbelt protections and failed to deliver sufficient volume, with net additional homes falling short of targets at around 200,000 annually. On public health, Sunak proposed a generational in October 2023, legislating to prohibit sales to anyone born after January 1, 2009, progressively raising the purchase age by one year annually, alongside restrictions on vape flavors to deter youth uptake. The Tobacco and Vapes Bill passed its second reading in April 2024 but was shelved before the July election due to time constraints, despite Sunak's expressed disappointment and cross-party support. Proponents cited declining rates from prior bans, which had halved adult prevalence since , while opponents highlighted libertarian concerns over state overreach and from interests. A notable infrastructure reform was the October 4, 2023, decision to cancel the northern leg of HS2 high-speed rail from Birmingham to , citing costs escalating to £36-£45 billion for that segment alone amid delays and overruns from the original £33 billion total project estimate. Sunak redirected £36 billion toward localized transport projects, including road upgrades and enhancements, arguing the change reflected fiscal realism given and . The move preserved the London-Birmingham leg but drew accusations of regional favoritism toward the south, with subsequent disclosures in July 2024 revealing £2 billion in additional sunk costs tied to the downgrade. In education, Sunak's administration issued statutory guidance in May 2024 directing schools not to teach as factual, prioritizing biological sex in , facilities, and to safeguard single-sex spaces and prevent social transitioning without . Delayed from 2023 due to legal challenges deeming draft elements unlawful, the policy responded to concerns over rapid-onset trends among youth, with data showing a 4,000% increase in referrals to gender clinics since , predominantly adolescent females. Advocacy groups labeled it discriminatory, while supporters emphasized empirical evidence from Cass Review findings that puberty blockers lacked robust safety data and often led to desistance without intervention. Sunak's February 2024 parliamentary remark mocking trans self-identification intensified backlash, highlighting partisan divides on child safeguarding versus inclusion. Welfare proposals faced controversy for allegedly stigmatizing claimants, with charities arguing against delinking benefits from diagnoses amid a tripling of PIP awards for anxiety and depression since 2019, despite evidence of over-diagnosis inflating rolls. Trans guidance sparked protests from LGBTQ+ organizations, who claimed it endangered vulnerable pupils, though underscored biological immutability and risks of affirming unproven identities, countering narratives from ideologically aligned sources prone to overstating fluidity. HS2's partial axing fueled northern discontent, with Labour vowing revival, but independent audits validated Sunak's cost critiques, attributing overruns to poor rather than inherent flaws. These initiatives reflected Sunak's emphasis on evidence-based over expansive commitments, though implementation hurdles and cultural debates amplified perceptions of divisiveness.

Foreign affairs and international relations

Sunak's foreign policy emphasized strengthening alliances against authoritarian aggression, particularly in support of and , while pursuing strategic partnerships in the and maintaining close transatlantic ties. He prioritized military aid to , signing a security agreement on , 2024, during a surprise visit to , and committing £2.5 billion in support for 2024/25, including drones, , and . This built on prior UK commitments, with Sunak framing the aid as essential to deter Russian expansionism, echoing first-principles deterrence logic where sustained arming prevents escalation. In the Middle East, Sunak expressed "unequivocal" support for Israel following Hamas's October 7, 2023, attacks, visiting Jerusalem on October 19 to affirm backing for Israel's self-defense operations provided they complied with international humanitarian law. He condemned the assaults as a "pogrom" and urged Hamas to release hostages, while calling for regional stability amid rising tensions. This stance contrasted with domestic criticisms from left-leaning outlets, which often amplified humanitarian concerns in Gaza without equivalent scrutiny of Hamas's tactics, highlighting media tendencies to prioritize narratives over balanced casualty attribution. Relations with the remained robust, with Sunak meeting President Biden multiple times, including bilateral talks in Washington on June 8, 2023, and on July 10, 2023, where both leaders described the UK-US partnership as "rock solid" amid shared challenges like Ukraine aid and economic resilience. Cooperation extended to the Atlantic Declaration on economic security, reinforcing diversification away from adversarial dependencies. Sunak adopted a firm posture toward , labeling it a "systemic challenge" and warning against attempts to seize by "force or coercion" during a May 17, 2023, speech in . He kept open the option of supplying arms to , signaling readiness to counter Beijing's aggression in the , while rejecting former Truss's push to formally designate as a "threat." This pragmatic balancing avoided outright confrontation but prioritized deterrence, informed by empirical assessments of China's military buildup rather than ideological escalation. Efforts to deepen UK-India ties focused on a free trade agreement, with Sunak reaffirming commitment during talks with Prime Minister Narendra Modi, including a March 12, 2024, call, though he ruled out a rushed deal ahead of India's elections to ensure comprehensive terms. Negotiations advanced under his premiership, aiming to boost bilateral trade beyond £38 billion annually by reducing tariffs on goods like whiskey and automobiles. On migration, Sunak advanced the UK-Rwanda partnership through a December 2023 treaty designating Rwanda as safe for asylum processing, intending to deter irregular crossings by outsourcing claims under international law frameworks, despite Supreme Court rulings citing refoulement risks based on Rwanda's human rights record. The policy, ratified in April 2024, reflected a causal approach linking offshore deterrence to reduced Channel arrivals, though flights remained grounded amid legal and diplomatic scrutiny.

Party leadership and electoral challenges

Sunak's leadership of the Conservative Party was marked by persistent internal divisions, particularly from the party's right wing, which challenged his authority on key policies. In December 2023, he narrowly overcame a of 29 MPs opposing his softened stance on illegal migration, passing a related measure by just 44 votes after threats of a vote. The most significant test came in January 2024 with the Safety of Bill, where 60 Conservative MPs initially backed rebel amendments to strengthen the legislation, representing the largest against a bill since the ; Sunak responded by conceding to tougher provisions, ultimately securing passage by 320 votes to 302. These episodes highlighted fractures over , with hardliners accusing Sunak of insufficient resolve despite his 's record-high small boat crossings exceeding 45,000 in 2022. Further strains arose on environmental and energy policies, including a December 2022 against onshore wind farm expansions and a January 2024 backlash over drilling approvals, where MPs criticized perceived deviations from net-zero commitments. Sunak's efforts to consolidate power, such as dismissing critics like in November 2023, only deepened rifts, fueling speculation of no-confidence motions and leadership plots amid reports of a "gang of 30" MPs coordinating opposition akin to Brexit-era tactics. These internal battles eroded , with whips struggling to enforce unity on a range of issues from welfare cuts to foreign aid reductions. Electorally, Sunak inherited a party mired in low approval, with Conservatives trailing Labour by approximately 20 percentage points in opinion polls throughout much of 2023 and into 2024, reflecting voter fatigue after 14 years in government and dissatisfaction with . Heavy defeats in the May 2023 local elections—losing over 1,000 council seats, the worst performance since —compounded by losses such as Somerton and Frome in October 2023 and Kingswood in February 2024, signaled eroding support in traditional strongholds. Speculation intensified in April 2024 about an imminent leadership challenge, prompting Sunak to quash rumors while facing defections, including a sitting MP switching to Labour during the campaign launch. These pressures culminated in Sunak's decision to call a snap on 22 May 2024, a move critics attributed to preempting further internal collapse despite the party's polling deficit.

2024 general election defeat

On 22 May 2024, Rishi Sunak announced a for 4 July 2024 outside , citing economic progress including returning to target levels and real wage growth as reasons to seek a mandate, while warning against Labour's tax policies. The decision followed heavy losses for the Conservatives in local elections earlier that month, where the party lost 474 councillors and control of several councils, amid ongoing public discontent over high net migration figures reaching 685,000 in the year to 2023 and persistent small boat crossings across the , numbering over 29,000 arrivals in 2023 despite policy efforts like the Rwanda deportation plan. Throughout the six-week campaign, opinion polls consistently showed Labour leading by double-digit margins, with the Conservatives trailing at around 22-25% in national voting intention surveys from firms like and , reflecting voter fatigue after 14 years of Conservative governance under five prime ministers and perceptions of internal disunity. Key issues included the cost-of-living pressures from peaking at 11.1% in October 2022 before falling to 2% by May 2024, NHS waiting lists exceeding 7.6 million, and unfulfilled promises on reducing , which polls indicated were top voter concerns. The rise of , polling at 14-16% and securing five seats, split the right-wing vote, particularly in areas with high concerns, contributing to Conservative losses in former strongholds. In the election on 4 July 2024, the Conservative Party suffered its worst defeat in history, winning 121 seats—a loss of 244 from 2019—with a 23.7% vote share, the lowest in its modern era. Labour secured 411 seats with 33.7% of the vote, achieving a 174-seat majority despite a smaller vote share than in 2019, highlighting first-past-the-post system's amplification of modest swings. Sunak retained his Richmond and Northallerton constituency with 23,059 votes (47.5% share), defeating Labour by a majority of 11,185, though his margin fell from 27,612 in 2019 due to a 15.8 percentage point drop in Conservative support there. Early on 5 July 2024, Sunak conceded defeat from his constituency count, stating the Conservative Party had "lost the trust of the " and accepting full responsibility for the loss, before resigning as while remaining an MP. The result ended 14 years of Conservative government, with analyses attributing the scale of defeat to cumulative governance failures, including policy U-turns, scandals eroding public trust, and failure to deliver on core pledges like "stopping the boats," as evidenced by data showing over 7,000 detections in the first half of 2024 alone. Voter surveys post-election identified poor NHS performance and party scandals as primary reasons for the Conservative collapse, alongside economic dissatisfaction despite macroeconomic stabilization under Sunak.

Post-premiership

Opposition leadership

Following the Conservative Party's landslide defeat in the July 4, 2024, , which reduced its parliamentary representation from 365 to 121 seats, Rishi Sunak initially retained his position as while a party contest was organized. In his concession speech outside on July 5, Sunak accepted responsibility for the loss, stating that the electorate had delivered a "sobering " and apologizing to voters for the party's failure to deliver on promises. He announced his intention to step down as party leader once successor arrangements were complete, triggering a process that began nominations on and extended into . On July 8, Sunak appointed a , reassigning several former ministers to opposition roles mirroring their prior government positions, including as and as , to provide continuity and scrutinize the incoming Labour government's policies. This lineup faced immediate challenges from internal party divisions and the rise of , which had captured 14% of the vote and five seats, prompting debates over the Conservatives' rightward shift. Sunak's interim tenure emphasized holding the new Prime Minister accountable, particularly on economic forecasts and fiscal inheritance claims, amid Labour's early announcements of changes for farmers and non-dom reforms. Sunak engaged in weekly Prime Minister's Questions (PMQs) sessions, using them to challenge Starmer on policy delivery and governance transparency. Notable exchanges occurred on , focusing on post-election priorities; October 9, targeting Labour's fiscal rules and tax policies; and October 16, where Starmer inadvertently referred to Sunak as "" amid debates on public spending. His final PMQs on October 30 featured a cordial tone, with Starmer thanking Sunak for his service, commitment, and decency, while Sunak highlighted ongoing Diwali traditions at . These sessions underscored Sunak's role in maintaining opposition scrutiny during a transitional period marked by Conservative infighting over ideology and strategy. Sunak's opposition leadership lasted 121 days, the longest for any defeated prime minister since in 1979, bridging the gap until Badenoch's election as party leader on November 2, 2024, after defeating in the final ballot. During this time, he avoided major policy launches, focusing instead on stabilizing the party amid resignations and calls for renewal, though critics within the parliamentary party argued his continued presence delayed a full reckoning with the election's causes, including failures and .

Transition to private sector

Following the Conservative Party's defeat in the July 2024 general election, Rishi Sunak resigned as prime minister on 5 July 2024 and as party leader, while retaining his parliamentary seat for Richmond and Northallerton, which he had secured with 42.5% of the vote. He served as interim Leader of the Opposition until November 2024, after which Kemi Badenoch assumed the role following a leadership contest. During this period, Sunak expressed intent to remain an active MP to contribute to party renewal, amid speculation of a lucrative return to finance given his pre-political career at firms including Goldman Sachs and The Children's Investment Fund Management. In October 2025, Sunak transitioned into private sector advisory roles, joining as a senior advisor and , an AI safety-focused startup, in part-time capacities. These appointments, cleared by the 's Advisory on Appointments to prevent conflicts of , prohibit Sunak from lobbying the government on behalf of the firms for two years. He committed to directing all earnings from these positions to charitable causes, leveraging his premiership experience in —such as advocating for lighter AI —to advise on global tech and innovation. This move aligns with Sunak's prior emphasis on the as a hub for tech and AI development, though critics noted potential tensions with his ongoing parliamentary duties.

Recent public engagements and statements

Following his defeat in the 2024 general election, Rishi Sunak retained his seat as for Richmond and Northallerton and resumed activity on the backbenches, including interventions in debates on and domestic issues. On 1 September 2025, he contributed to a debate on the , expressing support for the Foreign Secretary's position on and endorsing the joint statement advocating snapback sanctions against . On 15 October 2025, during a discussion on , Sunak thanked a colleague for long-term on the issue and referenced attending an event in . He also spoke on 23 October 2025 regarding reform. In his constituency, Sunak engaged with local stakeholders, such as meeting Jedd O'Keeffe, a leading trainer in , , on 19 September 2025 to discuss the Labour government's proposed increase in betting on horseracing and its potential impact on the industry. Earlier in the year, on 20 June 2025, Sunak delivered a commencement address at alongside his wife , titled "Data, Dreams and Dharma," in which they reflected on , personal , and balancing professional ambitions with . Sunak made international appearances, including at the NDTV World Summit in on 17 October 2025, where he described the current era as a "threshold moment" with dissolving global certainties, commented on potential U.S. tariffs under a Trump administration disrupting trade norms, and shared anecdotes from his time in India, such as playing and proposing to his wife on a California cliff. In a 24 October 2025 interview with , he discussed regrets from his premiership, including policy missteps; revealed friends' reluctance to admit voting for ; and announced plans for a new charity initiative with Murty focused on skills. Amid transitioning to private-sector advisory roles—such as senior advisor positions at Microsoft Corporation and , approved in October 2025 with earnings pledged to his local numeracy charity, The Richmond Project—Sunak publicly committed to donating all income from these part-time positions to constituency causes. He declined a proposed meeting with BJP leaders during a visit to around 16 October 2025, citing unspecified diplomatic considerations.

Political ideology and positions

Economic philosophy

Sunak's economic philosophy is grounded in classical liberal principles, emphasizing free enterprise, individual initiative, and market-driven allocation of resources as the primary engines of prosperity and moral progress. Drawing from Smith's framework, he views markets not merely as mechanisms of but as systems upheld by trust, , property rights, and empathy, enabling division of labor and innovation. In his 24 February 2022 Mais Lecture, Sunak argued for a "new culture of enterprise" to overcome post-pandemic stagnation, rejecting reliance on direction in favor of dynamism supported by stable foundations like sound money and an independent committed to low . Central to his approach are supply-side reforms aimed at boosting through incentives for , skills development, and , rather than expansive . He has advocated tax cuts on business , increased R&D expenditure targeting £22 billion annually by enhancing credits, and initiatives like the Lifelong Learning Entitlement to address adult skills gaps—where only 18% of 25- to 64-year-olds hold vocational qualifications, below the average. Post-Brexit regulatory freedoms, Sunak contends, should prioritize in sectors like and life sciences to attract talent and capital, fostering a competitive environment where "people, free to pursue their own ideas, in their own interests," generate broad-based growth. Fiscal prudence forms a core tenet, with Sunak prioritizing debt reduction and inflation control before tax relief to ensure sustainability and intergenerational equity, as evidenced by his government's achievement of halving inflation from 11% in late 2022 to 4.6% by October 2023. In his 20 November 2023 speech, he outlined priorities including energy security, business support, and education reform, asserting that "the private sector grows the economy" and government intervention must remain limited to creating opportunities rather than dictating outcomes. This stance aligns with Thatcherite emphases on small government and balanced budgets, focusing causal efforts on structural barriers like workforce shortages over short-term stimulus.

Views on immigration and national sovereignty

Rishi Sunak has consistently advocated for strict controls on immigration, emphasizing the need to deter illegal entries and reduce overall numbers to preserve national resources and security. As Prime Minister, he prioritized stopping irregular migration across the English Channel, declaring in April 2024 that "the only way to stop the boats is to eliminate the incentive to come" by ensuring those entering illegally would not be allowed to stay. This stance underpinned the Rwanda asylum partnership, aimed at relocating asylum seekers arriving by unauthorized means to Rwanda for processing, as a deterrent measure. Sunak argued the plan's announcement alone contributed to deterrence, citing a reported rise in asylum seekers to Ireland as evidence of displacement effects. Sunak's government enacted the Illegal Migration Act in 2023, described by him as "the toughest anti-illegal ever," which barred asylum claims from irregular arrivals and facilitated removals. He asserted that "it is this country – and your government – who should decide who comes here, not criminal gangs," rejecting external judicial interference in border policy. On legal migration, Sunak stated in May 2023 that levels were "too high," pledging reductions and, during the 2024 campaign, a legal cap on immigration if re-elected. Post-premiership, in October 2025, he admitted he "should have acted sooner" to curb migration, reflecting on delays in implementing restrictions. Regarding national sovereignty, Sunak supported Brexit in 2016 to regain control over immigration policy, arguing that EU membership constrained the UK's ability to set its own rules and ensure border security. He positioned border control as paramount, stating in 2024 that "border security and controlling illegal migration is more important than our membership of any foreign court," signaling willingness to exit the European Convention on Human Rights (ECHR) if it obstructed deportations. This reflected a broader assertion of sovereignty against supranational bodies, including urging resistance to "foreign courts" overriding UK decisions on migration. Sunak's approach prioritized domestic authority over international obligations where they conflicted with national interests in immigration enforcement.

Stances on culture, environment, and foreign policy

Sunak has articulated a stance emphasizing biological definitions of sex over gender identity ideologies, stating on October 4, 2023, that "a man is a man and a woman is a woman" and rejecting the notion that people can change their biological sex. He has opposed transgender self-identification, supporting blocks on reforms like those proposed in Scotland, and advocated for protecting single-sex spaces, framing the 2024 election as a "crystal-clear choice" on women's rights versus Labour's positions. In a February 7, 2024, parliamentary exchange, Sunak highlighted Labour leader Keir Starmer's reluctance to define a woman, drawing criticism from opponents but underscoring his prioritization of sex-based rights. These positions align with his government's 2024 ban on puberty blockers for minors outside clinical trials, reflecting concerns over medical interventions lacking long-term evidence. On environmental policy, Sunak adopted a pragmatic approach to the UK's net zero emissions target by 2050, announcing on September 20, 2023, delays to mandates such as pushing the ban on new petrol and diesel car sales from 2030 to 2035 and scrapping requirements for households to replace gas boilers with heat pumps every 10-15 years. He argued these changes protected "hard-pressed British families" from accelerated costs—estimated at up to £12,000 per household for heat pumps—while maintaining the legally binding 2050 goal through technological innovation rather than rigid timelines. Critics, including the Climate Change Committee, warned of risks to investor confidence and technological progress, but Sunak countered that overly prescriptive policies risked public backlash and economic strain without guaranteed emissions reductions. In , Sunak prioritized robust support for against Russian aggression, pledging in his November 29, 2022, speech to stand with "for as long as it takes" and providing over £7 billion in aid by 2023, including air defense systems; he urged allies in December 2022 to sustain or increase military commitments amid battlefield stalemates. Towards , he declared on the same date the end of the "golden era" of relations initiated under predecessors, adopting "robust " to counter threats like theft and support for , while acknowledging trade interdependence— exports to totaled £18.5 billion in 2022—without fully decoupling. Sunak expressed unequivocal backing for , opposing characterizations of it as an apartheid state and tightening bilateral ties post-October 7, 2023, attacks, including diplomatic visits and arms support continuity. At the November 2022 summit, he implicitly critiqued neutral stances by powers like and on , asserting that abstention equated to enabling aggression.

Controversies and criticisms

Personal wealth and perceived elitism

Rishi Sunak's personal wealth, estimated at £640 million jointly with his wife Akshata Murty as of the 2025 Sunday Times Rich List, derives primarily from investment activities and her family holdings rather than public salaries. Sunak's career trajectory includes roles at Goldman Sachs from 2001 to 2004, followed by positions at hedge funds such as The Children's Investment Fund Management, where he rose to partner, generating substantial returns through high-stakes trading. Murty's stake constitutes the bulk, with her 0.93% ownership in Infosys—co-founded by her father N. R. Narayana Murthy—valued at approximately £610 million based on recent share valuations, yielding dividends that fluctuated with the company's performance, including a potential £7.5 million payout in 2024. Sunak's educational path has fueled perceptions of elitism, beginning with attendance at , an elite independent boarding school, followed by a degree in at , and an MBA from as a Fulbright Scholar. These institutions, known for their selectivity and networks among global finance and policy elites, positioned him in high-earning roles early in his career, contrasting with his parents' modest origins as a general practitioner/pharmacist father and pharmacy-owning mother of Indian immigrant background. Critics, including political opponents and media commentators, have portrayed this trajectory as emblematic of detachment from ordinary Britons, arguing it exemplifies a meritocratic facade masking inherited advantages in access to top-tier education and finance. A key flashpoint amplifying elitism charges occurred in April 2022, when disclosures revealed Murty's non-domiciled (non-dom) tax status, allowing her to avoid UK income tax on overseas dividends from Infosys—estimated at up to £20 million over prior years—while paying only a nominal remittance basis charge. As Chancellor, Sunak defended the arrangement as compliant with rules he had no role in setting, but the episode drew accusations of hypocrisy amid his fiscal austerity measures, with Labour figures labeling it indicative of an out-of-touch millionaire class influencing policy. Murty subsequently volunteered to pay UK tax on her foreign income for that year, though the non-dom regime—criticized for favoring wealthy expatriates—remained until its abolition in the March 2024 budget under Sunak's government. Such incidents, compounded by reports of private jet and helicopter use for domestic travel, reinforced narratives of Sunak as prioritizing elite conveniences over relatable governance.

Policy implementation failures

Sunak's flagship immigration policy, the Safety of Rwanda Act, aimed to deter irregular Channel crossings by deporting asylum seekers to Rwanda, but implementation faltered amid persistent legal challenges. The Supreme Court ruled the plan unlawful in November 2023, citing risks of refoulement, halting progress despite prior government assurances. No deportation flights occurred during Sunak's premiership, with the Prime Minister conceding in May 2024 that none would depart before the July general election, after over £700 million had been spent on the scheme with zero relocations achieved. Small boat arrivals reached record levels of 45,774 in 2022 under his chancellorship and continued high, totaling 29,437 in 2023, underscoring the policy's inability to curb crossings due to unresolved judicial and European Court of Human Rights interventions. NHS waiting lists ballooned to a peak of 7.77 million treatments in September 2023, affecting 6.5 million patients, far exceeding pre-pandemic levels of around 4 million, with little reduction despite Sunak's pledges to halve them. By mid-2024, lists remained above 7 million, exacerbated by strikes, workforce shortages, and post-COVID backlogs, as elective treatments lagged behind targets even as overall volumes hit records but failed to clear the elective queue efficiently. Implementation stalled on structural reforms, with the government relying on temporary funding boosts that proved insufficient against rising demand and involving junior doctors and others. The Levelling Up agenda, intended to reduce regional inequalities through and regeneration, encountered severe delivery shortfalls. Approximately 80% of projects funded in the first round of the Levelling Up Fund missed their March 2024 completion deadlines, with MPs citing "astonishing delays" from poor planning and local capacity issues. Sunak scrapped the second round of the Towns Fund in June 2023 and canceled the northern leg of HS2 in October 2023, redirecting funds but drawing criticism for undermining northern connectivity and exemplifying reversals on Boris Johnson's legacy commitments. Over 95% of projects ran late by an average of 12 months, highlighting systemic execution failures in devolved funding despite billions allocated. Broader economic policies saw implementation gaps, as the entered in late 2023 with two quarters of negative GDP growth, amid highest peacetime es and elevated borrowing levels post-COVID. Sunak's spring 2023 pledge to cut es and boost growth yielded limited results, with hikes as Chancellor reversed by later cuts, but overall fiscal tightening contributed to stagnant productivity and strikes disrupting services. The scrapping of expansions in April 2023 admitted public safety and reliability failures in the technology-driven scheme. These outcomes reflected challenges in translating policy ambitions into tangible results, often hampered by bureaucratic inertia, legal hurdles, and external shocks, though critics from right-leaning outlets like The Telegraph attributed some to insufficient prioritization of and supply-side reforms.

Internal party conflicts and public missteps

Sunak's resignation as on 5 July 2022 marked an early flashpoint in Conservative internal divisions, triggered by mounting scandals including the affair and broader concerns over governmental integrity. In his resignation letter, Sunak cited irreconcilable differences with Boris Johnson's leadership, stating that the public expected "government to be conducted competently and seriously" and criticizing the administration's economic positions as untenable. This move, alongside Sajid Javid's simultaneous departure, accelerated Johnson's ousting, but it also positioned Sunak as a challenger within the party, fueling perceptions of disloyalty among Johnson loyalists and setting a for factional maneuvering. Upon becoming in October 2022, Sunak inherited a fractured parliamentary party, often described as divided into informal factions such as right-wing immigration hardliners, economic libertarians, and centrist remainers, which repeatedly challenged his authority. The Safety of Rwanda (Asylum and ) Bill in early 2024 exemplified this, with over 60 Conservative MPs initially rebelling against the government's version, demanding tougher measures to override rulings; Sunak compromised by strengthening the bill, securing passage on 17 January 2024 by a margin of 320-276, but the episode exposed his reliance on concessions to appease the right wing. Similar tensions arose over net zero policies, where Sunak's September 2023 rollback of green targets—delaying mandates and boiler phase-outs—drew criticism from environmentalist Tories while failing to fully satisfy skeptics, contributing to perceptions of inconsistent leadership. The government's free vote on the Tobacco and Vapes Bill in April 2024, which lost despite initial support, further highlighted Sunak's struggles to unify the party on social issues, with rebels including former health secretaries opposing the as overreach. Public missteps compounded these internal woes, notably Sunak's announcement of the 4 July 2024 on 22 May outside amid heavy rain, where he appeared drenched without an umbrella, symbolizing broader narratives of incompetence and poor planning. This decision to call a , despite trailing Labour by double digits in polls, was criticized as a high-risk gamble that accelerated the Conservatives' historic defeat, losing 251 seats and their status as the largest opposition party. Another gaffe involved a January 2023 £100 wager with that the first Rwanda flight would occur before the April 2024 deadline—a bet Sunak lost as no deportations materialized, drawing accusations of trivializing policy amid legal setbacks and reinforcing elite detachment. Tensions peaked with the November 2023 dismissal of Suella Braverman after her public of police handling of pro-Palestine marches as "two-tier policing," which she framed as favoritism toward certain groups; this alienated the party's right flank and underscored Sunak's challenges in balancing ideological wings without alienating key voters.

Public perception and legacy

Media portrayal and approval dynamics

Sunak's media portrayal in the United Kingdom has been characterized by a divide between supportive coverage in right-leaning outlets and predominantly critical narratives in left-leaning and public broadcasters, reflecting broader institutional biases in mainstream media toward conservative governments. Upon assuming the premiership on 25 October 2022 following Liz Truss's resignation, initial coverage often depicted him as a competent technocrat restoring stability after economic turmoil, with outlets like The Telegraph emphasizing his fiscal discipline and experience as Chancellor. However, this positive framing eroded amid economic stagnation, policy reversals, and personal scrutiny, with left-leaning publications such as The Guardian and The Independent frequently highlighting his personal wealth—estimated at over £650 million—as emblematic of detachment from ordinary voters, amplifying perceptions of elitism despite his defenses that such assets were held in blind trusts. Public broadcaster BBC faced accusations from Sunak's government of systemic left-wing bias, particularly in amplifying negative stories on immigration policies like the Rwanda scheme while downplaying achievements such as reducing inflation from 11.1% in October 2022 to 2.3% by mid-2024; Culture Secretary Lucy Frazer in January 2024 cited over 1,500 complaints of bias in BBC election coverage, underscoring how such institutions often frame conservative leaders through lenses of incompetence or ideological opposition rather than policy outcomes. British press coverage during the 2024 general election campaign was markedly negative for Conservatives, with left-leaning papers consistently prioritizing adverse stories on Sunak's leadership, while even traditionally supportive right-wing titles shifted to criticism as electoral prospects dimmed, contributing to a narrative of inevitable defeat. Sunak's approval ratings exhibited a sharp decline from an initial post-appointment bounce to historic lows, correlating with macroeconomic pressures and unfulfilled pledges like stopping small boat crossings, which reached over 45,000 arrivals in 2022 before partial reductions. polls showed net favorability starting around -10 in late 2022, plummeting to -53 by July 2024, with only 20% viewing him favorably against 73% unfavorably at time. data similarly recorded net satisfaction hitting joint lows of -40 in April 2024, comparable to John Major's nadir during , driven by voter dissatisfaction with public services and perceived policy U-turns. These dynamics were exacerbated by events like the 4 June 2024 announcement in pouring rain outside , mocked widely and cited in polls as emblematic of disconnect, alongside the July 2024 betting scandal implicating party members.
PollsterDateNet Approval/Favorability
YouGovOct 2022 (post-appointment)~ -10
IpsosDec 2023Worsening to -30s
YouGovJun 2024-51 (72% unfavorable)
YouGovJul 2024 (election)-53
This table illustrates the trajectory, where causal factors like persistent inflation perceptions—despite official declines—and immigration backlogs outweighed stabilizing measures, with media amplification of negatives further eroding support among undecided voters.

Achievements versus shortfalls

As Chancellor of the Exchequer from February 2020 to October 2022, Sunak oversaw the Coronavirus Job Retention Scheme, commonly known as furlough, which supported 11.7 million employee jobs through payments covering up to 80% of wages, at a total cost of £70 billion to the public purse. This intervention preserved employment levels during stringent lockdowns, with official data indicating that over half of furloughed workers returned to their roles by September 2020, mitigating immediate recessionary pressures and averting a sharper spike in unemployment compared to pre-scheme projections. Additionally, Sunak introduced the energy price guarantee in September 2022, capping average household bills at £2,500 annually, which government estimates suggest saved the typical dual-fuel household around £1,500 relative to uncapped market rates amid the global energy crisis triggered by Russia's invasion of Ukraine. Upon ascending to in October 2022 following Truss's , Sunak prioritized stabilizing financial markets after the September mini-budget's bond yield spike, announcing fiscal restraint measures that contributed to a partial recovery in gilt prices within weeks. He fulfilled his pledge to halve by the end of 2023, with the Consumer Prices Index falling from a peak of 10.7% in 2022 to 4% by December, largely due to the Bank of England's hikes and subsiding energy and supply-chain shocks, though remained suppressed. These steps were credited by supporters with restoring investor confidence and averting a sterling crisis deeper than that under Truss. However, Sunak's tenure saw persistent shortfalls in fiscal sustainability and policy delivery. net debt climbed to 97.9% of GDP by April 2024, up 2.5 percentage points from the prior year, exacerbated by pandemic-era borrowing—including £400 billion in total COVID support—and post-crisis spending, outpacing growth and complicating reduction targets. stagnated, with GDP growth averaging under 1% annually from 2022 to 2024, trailing G7 peers and failing Sunak's pledge for robust recovery, as productivity gains stalled amid high interest rates and business investment hesitancy. On immigration, Sunak's flagship Rwanda deportation scheme, enacted via the Safety of Rwanda Act in April 2024, yielded negligible results: despite £700 million expended, only four asylum seekers relocated voluntarily, with no enforced flights due to ongoing legal challenges and the Supreme Court's November 2023 ruling deeming Rwanda unsafe for refoulement risks. Channel crossings continued unabated, totaling over 45,000 in 2022 alone, underscoring implementation failures despite rhetorical emphasis on deterrence. Tax policies under Sunak as Chancellor and Prime Minister drew criticism for breaching manifesto commitments, including a 2022 national insurance hike from 12% to 13.8%—later reversed—adding £13 billion in annual levies, which contributed to perceptions of fiscal inconsistency amid record peacetime taxes at 37% of GDP. These dynamics culminated in the July 2024 general election, where Sunak led the Conservatives to their worst defeat since 1906, securing just 121 seats—a loss of 251 from 2019—despite retaining his own Richmond and Northallerton constituency with a reduced majority of 5,384 votes. This outcome reflected voter fatigue with 14 years of Conservative governance, compounded by unaddressed NHS waiting lists exceeding 7 million and stagnant living standards, though Sunak attributed partial responsibility to global factors like energy shocks rather than solely domestic policy. Empirical assessments, such as those from the Office for Budget Responsibility, highlight how early pandemic largesse fueled later inflationary pressures, underscoring a trade-off between short-term job preservation and medium-term fiscal strain.

Personal life

Marriage and family

Sunak met Akshata Murty while both were studying at Stanford University in California around 2004. The couple married on 30 August 2009 in a traditional Hindu ceremony at the Leela Palace Hotel in Bangalore, India, following a three-day celebration that included family and close associates but eschewed an extravagant "big fat wedding" format despite the prominence of Murty's family. Akshata Murty, born in 1980, is the daughter of N. R. Narayana Murty, co-founder of the Indian IT multinational , and author-philanthropist ; she holds Indian citizenship and has professional experience in and , including directorships tied to her family's enterprises. Sunak and Murty have maintained a low public profile for their personal life, residing primarily in and , with Murty occasionally accompanying Sunak at official events but focusing on family and private ventures. The couple has two daughters, Krishna and Anoushka, born after their marriage; the family has prioritized shielding the children from media scrutiny, with Sunak describing them as keeping him "busy and grounded" amid political demands. No specific birth dates for the daughters are publicly disclosed, reflecting the family's emphasis on privacy.

Religious faith and cultural identity

Rishi Sunak is a practicing Hindu whose faith informs his personal and professional life. Born on May 12, 1980, in to parents of Punjabi Hindu descent who immigrated from in the 1960s, Sunak has described as providing him with strength, purpose, and guidance through concepts like , or moral duty. He has publicly stated that his Hindu beliefs offer solace, comfort, and inspiration, particularly during challenging periods such as the general election campaign. Sunak's adherence to Hindu practices is evident in several public actions. Upon his election as MP for Richmond (Yorks) in 2017, he swore his parliamentary oath with his right hand on the , a sacred Hindu text, marking a historic first for a British cabinet minister when he later did the same as in 2020. He observes traditions such as abstaining from alcohol and participating in celebrations, including lighting lamps outside his residence. In June 2024, Sunak visited the BAPS Swaminarayan Mandir in , , with his wife , where he emphasized drawing inspiration from his faith amid political pressures. Regarding cultural identity, Sunak identifies as British Indian, asserting that he is "thoroughly British" while maintaining a strong connection to his Indian religious and . His family's East African-Indian roots reflect the migratory patterns of who settled in Britain post-colonial era, yet Sunak has emphasized integration into British society, crediting his upbringing for instilling values of service and aspiration. He has expressed pride in this dual identity, noting in 2017 that his religious and is Indian, which he openly embraces without conflict in his role as the UK's first Hindu from October 2022 to July 2024.

Lifestyle and interests

Sunak adheres to a disciplined fitness routine, beginning his day early with bike sessions often set to music by , followed by workouts and (HIIT) three times weekly. He practices , forgoing food from 5 p.m. to 5 a.m. Tuesday—a 36-hour sustained by black coffee, tea, or water—which he describes as fostering discipline. As a lifelong teetotaller, Sunak abstains from alcohol, consistent with his Hindu , and avoids beef. His dietary habits emphasize health, with occasional indulgences like , of which he is an avid consumer and collector of related memorabilia. Sunak's leisure pursuits include watching films and Netflix series such as and , as well as reading racy novels by , including Riders and Polo. He follows sports like and soccer, reflecting interests listed on his personal site.

Honours and recognition

Rishi Sunak was appointed a member of His Majesty's Most Honourable on 25 July 2019, upon taking office as under . Membership in the , a formal advisory body to the sovereign comprising senior politicians and officials, is typically granted to cabinet ministers and reflects recognition of high public service. As of October 2025, Sunak has not received additional major honours such as a knighthood, peerage, or elevation to the Order of the Garter, which have been customary for some former prime ministers but not universally extended following electoral defeat. His tenure as Prime Minister from October 2022 to July 2024 did not yield documented personal awards beyond the ex officio privileges of the role, including the style of "The Right Honourable" for life.

References

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