China News Agency, Beijing, October 24 London News: On the 24th local time, Rishi Sunak was elected leader of the British Conservative Party and will become the UK’s first Indian Prime Minister.
According to the BBC, Mordaunt, the former defense minister, has withdrawn from the race for leadership of the Conservative Party Sunak has been elected as the only candidate for leadership of the Conservative Party and will succeed Truss as British Prime Minister.
According to the UK government website and Reuters reports, Sunak, 42, is of Indian descent and her family moved to the UK in the 1960s. Sunak worked in the financial sector before entering politics, entered British politics as a Conservative MP in 2015 and has been the British Chancellor of the Exchequer since February 2020. In July this year, Sunak resigned from the government after losing confidence. in then Prime Minister Johnson and a few days later announced his candidacy for British Prime Minister.
On September 5, Sunak lost the race with Truss, who was elected leader of the Conservative Party and the next day became British Prime Minister. On October 20, Truss announced that he would step down as leader of the Conservative Party because he could not carry out the mission entrusted by the ruling Conservative Party, that is, he would no longer be the Prime Minister of the United Kingdom.
Truss enacted massive tax cuts during his tenure, which Reuters said sparked a backlash in UK financial markets. Former Chancellor of the Exchequer Quasi Kwarten and former Minister of the Interior Sulla Braverman have resigned. New Chancellor Jeremy Hunt has canceled “almost all” of the tax cuts in Truss’s massive package of tax cuts.
Reuters reported that Sunak will face a number of daunting challenges following his inauguration, including the energy crisis, rising prices, divisions within the Conservative Party and economic recession, and his job is to restore stability. of the British economy. (End)
