LONDON — Arguably the most prominent figure in Prime Minister Boris Johnson’s cabinet, Rishi Sunak, who resigned as Britain’s chancellor on Tuesday, was once seen as Johnson’s most likely successor.
Mr Sunak rose to prominence after being first elected to parliament in 2015. In February 2020, when he was 39, Mr Johnson appointed him Chancellor of the Exchequer, Chief Financial Officer of the Government and often second only to the Prime Minister.
As the coronavirus crisis sweeps across the country, Mr SunakFormer hedge fund manager who has launched a series of aid packages for businesses and individuals to acclaim. Those moves, and his abilities, quickly made him a popular face for the government’s response.
Mr Sunak, the eldest son of Indian immigrants, attended the elite Winchester College boarding school and Oxford University. He has an MBA from Stanford University and is seen as a model for a multi-ethnic and more modern Britain.
But critics have also questioned his handling of the country’s finances, The National Institute for Economic and Social Research think tank said last month His failure to act to insure rising interest rates could cost British taxpayers.
In recent months, two scandals tarnished his reputation, although never reaching the same rank as prime minister and there is speculation he could be ousted during a potential cabinet reshuffle. The first was the revelation that his wealthy wife claimed to have a tax status that allowed her to avoid paying taxes on some of her income. It was then revealed that Mr Sunak continued to hold a green card that would allow him to live and work in the US for several months after becoming prime minister.
Mr Sunak and other government officials were also Violating coronavirus lockdown rules Briefly attended the Prime Minister’s birthday celebrations in Downing Street in 2020, one of a series of parties in Downing Street that came to be known as the “Party Door” scandal.