Rishi Sunak in the context of "Hedge fund"

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⭐ Core Definition: Rishi Sunak

Rishi Sunak (born 12 May 1980) is a British politician and former investment banker who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2022 to 2024. Following his defeat to Keir Starmer's Labour Party in the 2024 general election, he became Leader of the Opposition, serving in this role from July to November 2024. 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.

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 joined the Conservatives. After graduating, Sunak worked for Goldman Sachs and later as a partner at two hedge fund firms. 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 2018, and was appointed to the cabinet-attending role of Chief Secretary to the Treasury by Johnson in 2019.

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Rishi Sunak in the context of David Cameron

David William Donald Cameron, Baron Cameron of Chipping Norton (born 9 October 1966), is a British politician who served as Prime Minister of the United Kingdom from 2010 to 2016. Until 2015, he led the first coalition government in the UK since 1945 and resigned after a referendum supported the country's leaving the European Union. After his premiership, he served as Foreign Secretary in the government of prime minister Rishi Sunak from 2023 to 2024. Cameron was Leader of the Conservative Party from 2005 to 2016 and served as Leader of the Opposition from 2005 to 2010. He was Member of Parliament (MP) for Witney from 2001 to 2016, and has been a member of the House of Lords since November 2023. Cameron identifies as a one-nation conservative and has been associated with both economically liberal and socially liberal policies.

Born in London to an upper-middle-class family, Cameron was educated at Eton College and Brasenose College, Oxford. After becoming an MP in 2001, he served in the opposition Shadow Cabinet under Conservative leader Michael Howard, and succeeded Howard in 2005. Following the 2010 general election, negotiations led to Cameron becoming prime minister as the head of a coalition government with the Liberal Democrats.

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Rishi Sunak in the context of 2024 United Kingdom general election

The 2024 United Kingdom general election was held on Thursday, 4 July 2024 to elect all 650 members of the House of Commons. The opposition Labour Party, led by Keir Starmer, won a landslide victory over the governing Conservative Party under Prime Minister Rishi Sunak, ending 14 years of Conservative government.

Labour secured 411 seats and a 174-seat majority, the third-best showing in the party's history and its best since 2001. The party's vote share was 33.7%, the lowest of any majority party on record, making this the least proportional general election in British history. They became the largest party in England, Scotland and Wales. The Conservatives suffered their worst-ever defeat, winning 121 seats with 23.7% of the vote and losing 251 seats, including those of the former prime minister Liz Truss and 12 Cabinet ministers.

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Rishi Sunak in the context of Conservative Party (United Kingdom)

The Conservative and Unionist Party, commonly the Conservative Party and colloquially the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party. It sits on the centre-right to right-wing of the left–right political spectrum. Following its defeat by Labour at the 2024 general election it is currently the second-largest party by the number of votes cast and number of seats in the House of Commons; as such it has the formal parliamentary role of His Majesty's Most Loyal Opposition. It encompasses various ideological factions including one-nation conservatives, Thatcherites and traditionalist conservatives. There have been 20 Conservative prime ministers.

The Conservative Party was founded in 1834 from the Tory Party and was one of two dominant political parties in the 19th century, along with the Liberal Party. Under Benjamin Disraeli it played a preeminent role in politics at the height of the British Empire. In 1912 the Liberal Unionist Party merged with the party to form the Conservative and Unionist Party. Its rivalry with the Labour Party has shaped modern British politics for the last century. David Cameron sought to modernise the party after his election as leader in 2005, and the party governed from 2010 to 2024 under five prime ministers, latterly Rishi Sunak.

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Rishi Sunak in the context of Philosophy, politics and economics

Philosophy, politics and economics, or politics, philosophy and economics (PPE), is an interdisciplinary undergraduate or postgraduate degree which combines study from three disciplines. The first institution to offer degrees in PPE was the University of Oxford in the 1920s. This particular course has produced a significant number of notable graduates such as Aung San Suu Kyi, Burmese politician and former State Counsellor of Myanmar, Nobel Peace Prize winner; Princess Haya bint Hussein, daughter of the late King Hussein of Jordan; Christopher Hitchens, the British–American author and journalist; Will Self, British author and journalist; Oscar-winning writer and director Florian Henckel von Donnersmarck; Michael Dummett, Gareth Evans, Philippa Foot, Christopher Peacocke, Gilbert Ryle, Paul Snowdon, and Peter Strawson, philosophers; Harold Wilson, Edward Heath, David Cameron, Liz Truss and Rishi Sunak, Prime Ministers of the United Kingdom; Hugh Gaitskell, Michael Foot, William Hague and Ed Miliband, former Leaders of the Opposition; former Prime Ministers of Pakistan Benazir Bhutto and Imran Khan; and Malcolm Fraser, Bob Hawke and Tony Abbott, former Prime Ministers of Australia; and Malala Yousafzai, Nobel Peace Prize winner.

In the 1980s, the University of York went on to establish its own PPE degree based upon the Oxford model; King's College London, the University of Warwick, the University of Manchester, and other British universities later followed. According to the BBC, the Oxford PPE "dominate[s] public life" in the UK. It is now offered at several other leading colleges and universities around the world. More recently Warwick University and King's College added a new degree under the name of PPL (Politics, Philosophy and Law) with the aim to bring an alternative to the more classical PPE degrees.

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Rishi Sunak in the context of Rwanda asylum plan

The UK and Rwanda Migration and Economic Development Partnership was an immigration policy proposed by the governments of Boris Johnson, Liz Truss and Rishi Sunak whereby people whom the United Kingdom identified as illegal immigrants or asylum seekers would have been relocated to Rwanda for processing, asylum and resettlement. Those who were successful in claiming asylum would have remained in Rwanda, and they would not have been permitted to return to the United Kingdom. The UK would invest in a development fund for Rwanda and financially support migrants' relocation and accommodation costs to move to Rwanda.

The first flight for this plan received legal clearance from the High Court of Justice and was scheduled for 14 June 2022. A last-minute interim measure by the European Court of Human Rights led to the plan being halted until the conclusion of the legal action in the UK. At the end of 2022, the High Court further ruled that though the plan was lawful, the individual cases of eight asylum seekers due to be deported that year had to be reconsidered. The Court of Appeal ruled on 29 June 2023 that the plan was unlawful; with an appeal to the Supreme Court of the United Kingdom leading to a concurrence with the lower court on 15 November 2023. The Safety of Rwanda (Asylum and Immigration) Act 2024 overruled the courts' judgments and declared Rwanda a safe country.

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Rishi Sunak in the context of Sunak ministry

The Sunak ministry began on 25 October 2022 when Rishi Sunak was invited by King Charles III to succeed Liz Truss as Prime Minister of the United Kingdom. The previous day, Sunak had been elected unopposed as leader of the Conservative Party following Truss's resignation. The Sunak ministry was formed from the 2019 Parliament of the United Kingdom, as a Conservative majority government. Sunak reshuffled his cabinet twice, first in February 2023 and later in November 2023.

On 22 May 2024, Sunak announced a general election on 4 July, in which the Labour Party won a landslide victory, leading to the formations of the Starmer ministry and the Sunak shadow cabinet.

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Rishi Sunak in the context of His Majesty's Most Loyal Opposition

His Majesty's Most Loyal Opposition (called Her Majesty's Most Loyal Opposition when a queen reigns), often abbreviated to HM Most Loyal Opposition, commonly known as the Official Opposition, and colloquially The Opposition, is the main official political opposition in the United Kingdom to His Majesty's Government. This is usually the largest political party in the House of Commons that does not form part of the government or a governing coalition.

Since July 2024, the Official Opposition has been the Conservative Party, with outgoing prime minister Rishi Sunak serving as Leader of the Opposition until the Conservative Party leadership election in November 2024 when newly elected party leader Kemi Badenoch took over the position.

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