structural:reformatting
Rishi Sunak is a British politician who served as Prime Minister of the United Kingdom from 2022 to 2024. He has been Leader of the Conservative Party since October 2022; after the general election in July 2024, he became Leader of the Opposition. The first British Asian to hold those offices, 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. He is the most recent Conservative Party prime minister. 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 undertook an internship at Conservative Central Office, and joined the Conservatives. After graduating, Sunak worked for Goldman Sachs and later as a partner at the hedge fund firms the Children's Investment Fund Management and Theleme Partners. 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 2019, 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 was also prominent in the government's response to the cost-of living crisis. He resigned as chancellor in July 2022 amid a government crisis that culminated in Johnson's resignation, and stood in the leadership election to succeed him. He received the most votes in each of the series of MP votes, but lost the members' vote 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, who resigned amid another government crisis; 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 attacks which began the Israel–Hamas 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 has remained Conservative leader while the leadership election to replace him is taking place, and formed a shadow cabinet. He also intends to remain as a backbench MP for the next five years. As chancellor, Sunak received high approval and popularity ratings in the early stages of the COVID-19 pandemic in 2020, although his popularity later declined amid the cost-of living crisis in 2022.