Former British finance minister Rishi Sunak makes pitch for party leadership, will tackle inflation

In This Story: Boris Johnson

Boris Johnson has been Prime Minister of the United Kingdom and Leader of the Conservative Party since 2019.

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In This Story: Canada

Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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In This Story: Dominic Raab

Dominic Rennie Raab is a British politician serving as First Secretary of State and Secretary of State for Foreign and Commonwealth Affairs since July 2019.

This role is otherwise known as Foreign Secretary.

Raab served in the British Cabinet as Secretary of State for Exiting the European Union in 2018, until his resignation. That role was otherwise known as Brexit Secretary.

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In This Story: Grant Shapps

Grant Shapps is a British politician who has served as Secretary of State for Transport since 2019. Shapps also has Cabinet responsibility for the Northern Powerhouse. A member of the Conservative Party, he has been the Member of Parliament for Welwyn Hatfield since the 2005 general election.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Rishi Sunak

Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.

His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.

Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.

Brief Biography Here.

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