coronavirus: Half a million people have now contracted the virus globally – BBC News

Half a million people have now contracted coronavirus globally Confirmed cases in the US overtake China’s and Italy’s UK deaths reach 578, a rise of more than 100 a day for the first time UK Chancellor Rishi Sunak announces help for self-employed Italy records another 712 deaths in 24 hours, bringing the total to 8,215 … Read more coronavirus: Half a million people have now contracted the virus globally – BBC News

U.K. Virus Response and Its Impact on the Bank of England

Mar.27 — Chancellor of the Exchequer Rishi Sunak’s pledge said to do “whatever it takes” to prop up U.K. businesses and jobs is likely to trigger more bond purchases by the Bank of England, according to Kallum Pickering, senior economist at Berenberg. The BOE already said earlier this month that it would buy 200 billion … Read more U.K. Virus Response and Its Impact on the Bank of England

Coronavirus: UK government unveils plans to pay the self-employed. Will it work? – BBC Newsnight

“You have not been forgotten” Subscribe to our channel here: https://goo.gl/31Q53F Those were the words used by the Chancellor, Rishi Sunak, when addressing the self employed – many who have been impacted by the economic fall–out of the coronavirus. But the chancellor announced his plan that self-employed workers can apply for a grant worth 80% … Read more Coronavirus: UK government unveils plans to pay the self-employed. Will it work? – BBC Newsnight

Covid-19: UK death toll jumps by more than 100 to 578 in biggest daily rise | ITV News

The number of people to have died from coronavirus in the UK has jumped by more than 100 to 578 in the biggest daily increase to date. A total of 578 who tested positive for coronavirus in the UK have died as of 5pm on Wednesday – an increase of 113 in 24 hours. While … Read more Covid-19: UK death toll jumps by more than 100 to 578 in biggest daily rise | ITV News

Rishi Sunak unveils financial help for self-employed, but admits it will not be available until June

Rishi Sunak has unveiled the Government’s bailout for the self-employed , but admitted it will not be available until June. As the Chancellor promised that the self-employed “had not been forgotten” during the coronavirus pandemic, he set out that they would be able to claim support worth 80 per cent of their average monthly profits. … Read more Rishi Sunak unveils financial help for self-employed, but admits it will not be available until June

Coronavirus: UK government unveils aid for self-employed – BBC News

Self-employed workers will be able to apply for a grant of up to £2,500 a month to help them cope with the financial impact of coronavirus, the chancellor has announced. The money will be paid in a single lump sum, but will not begin to arrive until the start of June at the earliest. Rishi … Read more Coronavirus: UK government unveils aid for self-employed – BBC News

Self-employed workers to able to claim 80% of monthly profits

The Chancellor has announced that people who are self-employed will be able to claim a grant worth 80% of their average monthly profits – up to £2,500 a month. Rishi Sunak said the support for those affected by the coronavirus crisis would be in place for at least three months and amounted to “one of … Read more Self-employed workers to able to claim 80% of monthly profits

Rescue package for self-employed, announces Rishi Sunak | Coronavirus

Chancellor Rishi Sunak has announced a new scheme for self-employed people in the UK in the wake of the coronavirus pandemic. (Subscribe: https://bit.ly/C4_News_Subscribe) Under the package, self-employed people earning up to £50,000 can claim 80% of their income. “The scheme I have announced today is fair. It is targeted at those who need it the … Read more Rescue package for self-employed, announces Rishi Sunak | Coronavirus

Live: Chancellor unveils measures to help self-employed workers amid coronavirus outbreak | ITV News

Live: Chancellor Rishi Sunak unveils measures to help self-employed workers during coronavirus pandemic • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on Facebook: https://www.facebook.com/itvnews/ Follow ITV News on Twitter: https://twitter.com/itvnews Follow ITV News on Instagram: https://www.instagram.com/itvnews/

Rishi Sunak Quick Links

Rishi Sunak Brief Biography

Rishi Sunak (born 12 May 1980) is a British Conservative Party politician currently serving as Chancellor of the Exchequer, since February 2020.

He was appointed after the resignation of Sajid Javid during a cabinet reshuffle in 2020.

Sunak previously served as Chief Secretary to the Treasury under Javid from July 2019 to February 2020, and has been the Member of Parliament (MP) for Richmond (Yorks) since the 2015 general election.

Sunak was nominated as the Conservative candidate in Richmond (Yorks), then the safest seat in the United Kingdom, after the retirement of William Hague MP. At this time, he had never stood as a political candidate for any party, at any level of politics.

Born in Southampton, Hampshire to an Indian Punjabi family, Sunak studied at the fee-paying Winchester College. Sunak subsequently studied Philosophy, Politics and Economics (PPE) at Lincoln College, Oxford, and later gained an MBA from Stanford University as a Fulbright Scholar.

After graduating, Rishi Sunak worked for investment bank Goldman Sachs, and later as a partner at the hedge fund management firm The Children’s Investment Fund Management.

Early Life

Sunak was born on 12 May 1980 in Southampton, Hampshire to Yashvir and Usha Sunak.

His grandparents were born in Punjab, India and emigrated from East Africa to the UK in the 1960s.

His father Yashvir was a general practitioner (GP) and his mother Usha was a pharmacist who ran a local pharmacy.

He is the eldest of three siblings.

Education

Sunak was privately educated at Winchester College, an all-boys’ boarding school, where he was head boy.

He then studied PPE at Lincoln College, Oxford, graduating with a First in 2001.

In 2006, Sunak obtained an MBA from Stanford University, where he was a Fulbright scholar.

Business

Sunak worked as an analyst for investment bank Goldman Sachs between 2001 and 2004.

He then worked for hedge fund management firm The Children’s Investment Fund Management, becoming a partner in September 2006.

He left in November 2009 to join former colleagues at new hedge fund firm Theleme Partners, which launched in October 2010 with an initial $700 million.

Sunak was also a director of investment firm Catamaran Ventures, owned by his father-in-law, Indian businessman N. R. Narayana Murthy, the founder of Indian IT giant, Infosys.

Political career

Member of Parliament

Sunak was selected as the Conservative candidate for Richmond (Yorks) in October 2014. The seat had previously been held by former leader of the party and foreign secretary William Hague, who chose to stand down at the next general election. Sunak had almost no political experience at this time.

In the same year, he was the head of centre-right think tank Policy Exchange’s Black and Minority Ethnic (BME) Research Unit, for which he co-wrote a report on BME communities in the UK.

Polkicy Exchange was founded by prominent Conservative Party members, such as Michael Gove.

Sunak was elected as MP for the constituency in the 2015 general election with a majority of 19,550 (36.2%).

During the 2015–2017 parliament, Sunak was a member of the Environment, Food and Rural Affairs Select Committee.

He supported the UK leaving the European Union (EU) in the June 2016 membership referendum.

In the same year, he wrote a report for the Thatcherite think tank, the Centre for Policy Studies, supporting the establishment of free ports post-Brexit, and the following year wrote a report advocating for the creation of a retail bond market for small and medium-sized enterprises (SMEs).

Sunak was re-elected as MP in the 2017 general election, with an increased majority of 23,108 (40.5%).

He was Parliamentary Under-Secretary for Local Government between January 2018 and July 2019.

Sunak voted for then Prime Minister Theresa May’s Brexit withdrawal agreement and voted against a referendum on any withdrawal agreement. He supported Boris Johnson in the 2019 Conservative Party leadership election and co-wrote an article in The Times newspaper with fellow MPs Robert Jenrick, and Oliver Dowden to advocate for Johnson during the campaign in June.

He was re-elected in the 2019 general election with an increased majority of 27,210 (47.2%).

During the election campaign, Sunak represented the Conservatives in both the BBC’s and ITV’s seven-way election debates, after Boris Johnson refused to participate.

Chief Secretary to the Treasury

Sunak was appointed as Chief Secretary to the Treasury by Prime Minister Boris Johnson on 24 July 2019. He became a member of the Privy Council the next day.

Chancellor of the Exchequer

Sunak was promoted to Chancellor of the Exchequer on 13 February 2020 as part of a cabinet reshuffle, after the resignation of his predecessor Sajid Javid on the same day. Javid had resigned after being asked by Prime Minister Johnson to dismiss his advisers.

At this time, he had been an MP for fewer than five years.

First Budget as Chancellor

Sunak’s first budget took place on 11 March 2020. This included announcements of £30 billion of additional spending of which £12 billion was allocated for mitigation of the economic impact of the coronavirus pandemic.

Personal life

Sunak married Akshata Murthy, the daughter of Indian billionaire and co-founder of Infosys, N. R. Narayana Murthy, in August 2009. They met while studying at Stanford University and have two daughters.

Is Rishi Sunak Muslim?

Rishi Sunak is not muslim, he is a Hindu, and has taken his oath at the House of Commons on the Bhagavad Gita since 2017.