A 39-year-old former Goldman Sachs executive, who was not even a parliament member five years ago, Rishi Sunak, had been appointed as the world’s fifth-largest economy’s Finance Minister on Thursday, the 13th of February 2020, following resignation of former Finance Minister Sajid Javid mostly due to his intransigence over UK’s public spending on 2020-21, a move which would assert PM Johnson more control over UK’s Treasury department.
In point of fact, as PM Johnson was vying to vent out a way to toe the lines on public spending but Javid’s traditionalist concepts alongside some of his recent clashes with US Treasury’s Mnuchin appeared to be acting as a harsh barricade not only to heighten up public spending, but also to tighten up UK’s relationship with its only remaining ally in the West, United States following the Brexit, Rishi Sunak, one of the youngest Finance Ministers would be facing off a Prime Minister who was set to heighten up expenses on a swathe of sectors ranging from health to education to infrastructure.
Concomitantly, Sunak, born in Southampton to an Indian Punjabi family while his father was a general physical and his mother a pharmacist, subsequently studied politics, economics and philosophy at Oxford and started off his career as an analyst for the US lender Goldman Sachs back in the 2001s, however, quickly upped in to the political ladder and was promoted as a Jr.
Minister in July 2019. Meanwhile, following his appointment as UK’s new Finance Minister, Sunak said on Thursday (February 13th), “Delighted to be appointed, lots to get on with, thanks very much. ”