Jul.08 — The U.K. Chancellor of the Exchequer is set to unveil a two billion-pound recovery program in today’s Summer Statement. It will pay the wages of more than 200,000 young workers as Rishi Sunak tries to pull the U.K. economy out of the deepest economic slump in centuries. Bloomberg’s Dani Burger reports on “Bloomberg Markets: European Open.”
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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, despite having a limited political background.
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, without having ever contested an election; he would later become the UK Chancellor of the Exchequer in under five years.