LONDON (APP) Rishi Singh ran for Britain’s top job and lost. Now he has another shot — and a chance to say “I told you so.”

The former UK Treasury chief was the runner-up to Liz Truss in the race to replace scandal-hit Boris Johnson as Conservative Party leader and prime minister. But Truss resigned after a tumultuous 45-day stint, and Johnson abandoned his comeback bid, leaving Sink a strong favorite to finally take the post he lost less than two months ago. had been.

A victory in the Conservative leadership contest would prove to be a cinch, who warned in the last campaign that Truss’ tax cut economic plans were reckless and would lead to disaster. And so they did.

Truss resigned last week after his package of tax cuts spooked financial markets, hurt the pound and ended his mandate.

If he wins, he will be Britain’s first non-white leader and the first Hindu to hold the highest office. At 42, he will also be the youngest prime minister in more than 200 years, a political prodigy whose youth, sharp suits, and smooth, confident manner have earned him the nickname “Dishy Rishi” in the British media. Is.

To win, Sink would still have to overcome accusations from opponents that he was a turncoat for leaving Johnson’s administration because his foundation was in the midst of ethics scandals. The simultaneous resignations of Sanak and Health Secretary Sajid Javed on July 5 set off a chain reaction. Within 48 hours, around 50 members of the government had resigned, and Johnson was forced to resign.

Sink painted it as principled, and said he wanted to repair the “breakdown of trust” in politics. He also accused Truss of offering “fairy tales” by promising immediate tax cuts when he felt curbing rising inflation was a bigger priority.

“I would rather fight for what I believe is right for our country, and true to our values, than win on a false promise,” Sink said in a BBC interview. are.”

Sink was born in Southampton on the south coast of England in 1980 to parents of Indian descent who were both born in East Africa. He grew up in a middle-class family, his father a family doctor and his mother a pharmacist, and says he inherited their hard-working ethic.

“I grew up working at a store, delivering drugs,” he said during the campaign. “I used to work as a waiter at the Indian restaurant down the street.”

He describes how his parents saved up to send him to Winchester College, one of the largest and most expensive boarding schools in Britain.

There they mingled with the elite. Rivals recently released a clip from a 2001 television documentary about the class system in which the 21-year-old Sink said he has friends who are elite, I have friends who are upper class, I have friends who are You know, working class – well, not working class.

After high school, Sink studied politics, philosophy and economics at Oxford University – the degree of choice for future prime ministers – then an MBA at Stanford University.

He worked at the investment bank Goldman Sachs as a hedge fund manager and lived in the US, where he met his wife Akshita Murthy. The couple has two daughters.

Returning to the UK, Sink was elected to Parliament in 2015 for the safe Tory seat of Richmond in Yorkshire. In the UK’s 2016 Brexit referendum, he supported leaving the European Union – a risky career move, as it ran counter to Conservative government policy.

When “Leave” unexpectedly won, Sink’s career took off. He served in several junior ministerial posts before being appointed Chancellor of the Exchequer – head of the Treasury – by Johnson in February 2020, just before the pandemic.

An inherently low-tax, small-state politician who idolizes former prime minister Margaret Thatcher, she nonetheless collected billions in government cash to keep people and businesses afloat during the pandemic. His furlough program, which paid the salaries of millions of workers when they were temporarily laid off, made him the most popular member of the administration — a position he burned with snappy messages on social media that Competitors and critics said there was too much emphasis on their own brand. of the government

But Sink has had its fair share of struggles over the years. Critics said the drive to feed people in restaurants after lockdown restrictions were eased in the summer of 2020 contributed to another wave of COVID-19.

Others said Sink’s family’s vast wealth and Silicon Valley past distanced him from the struggles of ordinary people.

He also faced questions about his finances and his wife. Murty is the daughter of the billionaire founder of Indian tech company Infosys, and the couple is worth 730 million pounds ($877 million), according to the Sunday Times Rich List.

In April 2022, it emerged that Morty had not paid UK tax on his overseas income. The practice was legal, but it looked bad at a time when Sink was raising taxes for millions of Britons. Sink was also criticized for retaining his US green card for two years after becoming Britain’s Chancellor of the Exchequer, indicating his intention to settle in the US.

Sink was cleared of wrongdoing, but the revelations still hurt. Johnson and dozens of others were fined by police for attending a party at the Prime Minister’s office in 2020 that broke coronavirus lockdown rules. Outrage at these parties at a time when the British were forced to stay at home contributed to Johnson’s downfall. Sink has said that he participated inadvertently and briefly.

In his first leadership campaign, he presented himself as a candidate for big decisions and fiscal prospects, criticizing Truss’ plans to cut taxes and increase borrowing, and vowing to rein in inflation. What did

This is now more difficult than ever.

Copyright © 2022 OlxPraca, LLC.

(function (d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); = id;
js.src = “//”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));