England
Posted: Mon Oct 24, 2022 11:46 am
From an article I had posted previously:
The former chancellor formally announced he was standing to succeed Johnson in a campaign video on Friday, which began with the story of his Indian parents, who both emigrated to the UK from East Africa. “It was Britain, our country, that gave them and millions like them the chance of a better future,” he said. “I want to lead this country in the right direction.”
Sunak was Johnson’s presumed successor for several months after he won praise for overseeing Britain’s initial financial response to the Covid-19 pandemic. But he has suffered several of his own scandals while in government.
His stock sank earlier this year after revelations that he broke Covid regulations to attend the prime minister’s birthday party on June 19, 2020, for which he later apologized “unreservedly.”
His financial and legal affairs came under scrutiny this spring following reports his wife had non-domicile status in the UK – meaning she was not liable to pay tax on overseas income – and that he held a US green card while serving as minister.
His popularity has also taken a beating in recent weeks as Britain has suffered the worst cost-of-living crisis in decades. Sunak has struggled to keep down spiraling inflation and has been criticized by opposition parties for what they call a slow and inadequate series of financial measures. Among the economic woes facing Britons after Sunak’s time as the UK’s chief financial minister: real wages dropping to their lowest levels in more than 21 years and inflation hitting a 40-year high of 9.1% in May.
But he is still among the bookmakers’ odds-on favorites to take Johnson’s job.