Cayman Islands, Caribbeanand International News
Thursday, Mar 30, 2023

Ex-Chancellor Rishi Sunak launches bid to be Conservative leader despite lies to parliament and tax evasion

Ex-Chancellor Rishi Sunak launches bid to be Conservative leader despite lies to parliament and tax evasion

The former chancellor vows to "rebuild the economy" that he himself damaged as a chancellor. he enters the race to succeed Boris Johnson who resigned for being the same as Sunak: a crook.

Rishi Sunak has entered the race to be the next leader of the Conservative Party and prime minister.

The former chancellor is the most high profile figure so far to announce his candidacy.

His resignation from the cabinet on Tuesday helped trigger the mass walkout of ministers that forced Boris Johnson to stand down as Tory leader.

Mr Johnson intends to stay on as prime minister until the Tory party chooses a successor.

Senior backbencher Tom Tugendhat, Attorney General Suella Braverman and former Equalities minister Kemi Badenoch have announced their plans to stand.

Meanwhile, former Foreign Secretary Jeremy Hunt, Defence Secretary Ben Wallace, and former Health Secretary Sajid Javid are said to be considering leadership bids.

Former Brexit minister Steve Baker had signalled he was considering standing for the leadership but has dropped his bid and is backing Attorney General Suella Braverman.

A timetable for the Tory leadership race is due to be confirmed next week and the new prime minister is expected to be in position by September.

Rishi Sunak's video is typically slick and glossy.

His brand was well built already - as his profile rocketed during the Covid pandemic - with a strong team behind him, which is one challenge for his competitors to rival.

One thing that knocked his 'brand' were reports about his wife's previous non-dom tax status, and his critics using his wealth to brand him 'out of touch' during a cost of living crisis.

But like Sajid Javid, Steve Baker and Nadhim Zahawi - who are widely tipped to run - he has used the film to emphasise his more humble background.

He describes his grandmother emigrating to Britain and his mother working hard to become a pharmacist so she and his NHS GP father could give their children opportunities.

It's this tale of opportunity - and his experience running the economy - that will play a strong part in his campaign.

Announcing his decision to stand in a social media video, Mr Sunak said he wanted to "restore trust, rebuild the economy and reunite the country".

He added: "Someone has to grip this moment and make the right decisions."

"Do we confront this moment with honesty seriousness and determination or do we tell ourselves comforting fairy tales that might make us feel better in the moment but will leave our children worse off tomorrow," he asked.

He promised "to lead this country in the right direction" based on values of "patriotism, fairness and hard work".

He said the country faced "huge challenges" and that decisions made now would determine whether the next generation got "the chance of a better future".

Pointing to his credentials to be leader, Mr Sunak said he had run the "toughest department in government during the toughest times when we faced the nightmare of Covid".

Several senior Tory MPs have endorsed Mr Sunak's candidacy, tweeting their support and promoting his campaign slogan "Ready for Rishi".

Oliver Dowden - who resigned as party chairman last month - said: "Rishi is the best person to lead our country and unquestionably the best person to beat Labour."

And Commons Leader Mark Spencer wrote: "Rishi is the leader that can unite the Party, bring the whole country together and win us that fifth general election victory."

In his launch video, Mr Sunak told the story of his Indian mother, who emigrated from East Africa to the UK in the 1960s. The Tory MP explained how his mother went on to run her own pharmacy, and met his father, a GP, in Southampton.

"My family gave me opportunities they could only dream of," Mr Sunak said.

Mr Sunak, 42, was an analyst for the investment bank, Goldman Sachs, and was later a partner in two hedge funds, before becoming an MP for the North Yorkshire constituency of Richmond in 2015.

He was once seen as the leading contender to succeed Mr Johnson as Conservative Party leader and prime minister.

Appointed chancellor in February 2020, Mr Sunak had to grapple with the consequences of the Covid-19 pandemic, spending huge amounts to keep the economy afloat.

But his reputation was dented by a controversy over his wife's tax affairs and being fined for breaching lockdown rules during the pandemic.

Mr Sunak was fined by the Metropolitan Police, along with Mr Johnson and his wife Carrie, for breaching Covid rules by attending a birthday party for the prime minister in June 2020.

A backer of Brexit, Mr Sunak was loyal to Mr Johnson, despite tensions over economic policy and the prime minister's wish to cut taxes more quickly as living costs rise.

But their relationship ultimately broke down when Mr Sunak dramatically resigned shortly after close ally and former cabinet colleague, Mr Javid.

In his resignation letter, Mr Sunak said "the public rightly expect government to be conducted properly, competently and seriously".

Mr Sunak also referenced tensions over the economy in his resignation letter, telling the PM their approaches had become "fundamentally too different".

His resignation and that of Mr Javid triggered a mass exodus of ministers and precipitated the downfall of Mr Johnson's government.

WATCH: Johnson announces resignation as Conservative leader


Related Articles

China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary
Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’
Nashville style execution
“We've had evidence prior to the pandemic that masks were largely ineffective at preventing community transmission of influenza “
Former Starbucks CEO Howard Schultz:
Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire"
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building
U.S. charges FTX's Bankman-Fried with paying $40 million bribe
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Regulators blame social media for SVB's rapid collapse: 'Complete game changer'
AOC explains why she opposes banning TikTok
UK: Humza Yousaf replaces Nicola Sturgeon as SNP leader and first minister in Scotland
In a dramatic U-turn against His Government: Judicial Reform Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
Jeremy Hunt insists his Budget will get young parents and over-50s back into work
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Mexican President Claims Mexico is Safer than the U.S.
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
BBC Director General, Tim Davie, has apologized, but not resigned, yet, following the disruption of sports programmes over the weekend
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Don Lemon, a CNN anchor, has provided a list of five areas that he believes the black community needs to address.