With Boris Johnson’s resignation that left the nation in shambles and Liz Truss’s departure after just 45 days as Prime Minister, the United Kingdom is looking for a stable leader for the third time in two months. Former Finance Minister Rishi Sunak was named Prime Minister on Tuesday, Oct. 25. A member of the Conservative party, Sunak has a great deal of experience in finance and knows a lot about British politics. Considering Truss left due to a failed tax-cutting budget, Sunak’s experience as Finance Minister is even more important. However, he only has seven years of experience in national politics, and many fear this will make the U.K. appear weakened. Sunak has a lot on his plate: the Conservative Party is currently divided and it is his responsibility to unite them, while also focusing on stabilizing the economy.
Sunak is the U.K.’s first elected Prime Minister of color. He is the first Prime Minister of South Asian descent, the first practicing Hindu to take office, and the youngest Prime Minister in modern political history. Thus, Sunak is breaking barriers and making history. Sunak and his wife, Akshata Murty, have an estimated net worth of $1 billion. Sunak has received a degree in philosophy, politics, and economics from Oxford University and an MBA from Stanford University. Under Boris Johnson, Sunak was the Chief Treasurer but eventually resigned. Their relationship became hostile toward the end, and they ceased all communication. The U.K., though on shaky grounds, has the potential for a bright future if Sunak is able to unify the people, stabilize the economy, and be the leader that the nation deserves.