Industry leaders have warned that Rishi Sunak’s plan to encourage supermarkets to cap their prices of everyday staples won’t make a difference to shoppers.With food price inflation in the UK reaching a staggering 19.1% in the year to March – the highest rate in Western Europe – the prime minister is understandably eager to bring the figure to a sustainable level.Downing...
During his two years at the Treasury, Rishi Sunak’s tax policy has been characterised by large temporary cuts – to cushion the financial blow from the pandemic – followed by even larger and permanent rises running up to, and beyond, the next election in 2024. The chancellor stressed that bringing down the annual deficit was a priority after he spent £400bn more than he had planned in 2020 keeping...
The multimillionaire wife of the UK chancellor, Rishi Sunak, holds stakes in a “private investment community for the next generation of global leaders” and a luxury British furniture company backed by Rupert Murdoch’s daughter. Akshata Murty, the daughter of an Indian billionaire, married Sunak in 2009. She owns shares in dara5, a London-based investment firm cofounded in 2019 by a member of...
Rishi Sunak’s status as favourite to become the next Tory leader and prime minister has again put his wealth in the spotlight, after his wife’s non-domiciled tax status almost scuppered his leadership chances earlier this year. According to The Sunday Times, Sunak became a “multimillionaire in his mid-twenties”. He was a partner at the hedge fund TCI, where bosses “shared nearly £100m after an...