
First British Asian PM, former hedge fund manager.
Rishi Sunak was appointed Chancellor of the Exchequer by Prime Minister Boris Johnson. He oversaw the UK's economic response to the COVID-19 pandemic, including the furlough scheme and other support measures.
Sunak became Prime Minister after winning the Conservative Party leadership election, succeeding Liz Truss. He was the first British Asian and first Hindu to hold the office. His premiership focused on economic stability and reducing inflation.
As Chancellor, Sunak reversed most of Liz Truss's mini-budget tax cuts, which had caused market turmoil. He reinstated the corporation tax rise and scaled back energy support, aiming to restore fiscal credibility.
Sunak led the Conservative Party to a landslide defeat in the 2024 general election, winning only 121 seats. Labour under Keir Starmer won a majority. Sunak resigned as Prime Minister and Conservative leader.