Skip to content
Search

Latest Stories

If need arises, Rishi Sunak next in line to lead UK

RISHI SUNAK would take responsibility for leading the country if Dominic Raab, currently standing in for hospitalised Prime Minister Boris Johnson, were also incapacitated.

Johnson spent a night in intensive care receiving oxygen treatment following his admission to hospital with a persistent high temperature and cough, more than a week after testing positive for the novel coronavirus.


Foreign minister Raab has taken over some of the British leader's responsibilities, including chairing the government's daily meeting on the coronavirus crisis, although the 55-year Johnson remains prime minister.

"There is an established order of precedence," Johnson's spokesman said. "In line with the order of precedence, the Chancellor (Sunak) would follow from the Foreign Secretary."

Sunak was a surprise appointment as Chancellor in February, when Johnson's planned reshuffle of his ministerial team was blown off track by the resignation of then-finance minister Sajid Javid.

Sunak, a 39-year old former Goldman Sachs banker and staunch Johnson loyalist, has already risen rapidly through the ranks of government to one of the highest offices in the land, having only entered parliament in 2015.

He delivered his first budget in March, only weeks after taking office, and pledged hundreds of billions of pounds of unprecedented support for British businesses when the government effectively shuttered much of the economy to keep people at home and prevent the spread of the coronavirus.

(Reuters)

More For You

Shivam Budhiraja

Long before Shivam was demystifying compounding interest or investment strategies

AMG

Shivam Budhiraja: How one entrepreneur is changing the way India thinks about money

Shivam Budhiraja isn’t your typical finance content creator. With over 270,000 followers across social media, he has built a reputation for breaking down complex financial concepts into stories that are as relatable as they are actionable. But the social media star’s journey to becoming a financial influencer started not with money, but with cars.

The start of a journey

Long before Shivam was demystifying compounding interest or investment strategies, he was building Team Car Delight, one of India’s leading automobile communities. “My automobile journey began not just out of passion, but with purpose,” he says. “I noticed a massive gap in the kind of information people were consuming. Misinformation, half-baked reviews, content made only for views — people were getting misled. I wanted to change that.”

Keep ReadingShow less