Sunak Financial News
27.08 / 13:39
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India-UK FTA deal: Rishi Sunak faces conflict of interest over wife Akshata Murthy's Infosys shares, say reports
G20 summit in New Delhi in September. The conflict relates to transparency questions related to wife Akshata Murthy’s Infosys shares – massive Bengaluru-based international IT services and consultancy company, worth an estimated 500 million pounds, in a proposed free trade agreement (FTA) with India, reported The Guardian.
27.08 / 09:19
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UK PM Sunak faces questions over wife Akshata's Infosys shares in FTA with India: Report
Rishi Sunak could face some transparency questions related to wife Akshata Murty's Infosys shares, worth an estimated 500 million pounds, in a proposed free trade agreement (FTA) with India, according to a media report. 'The Observer' claims the Opposition Labour Party and trade experts are questioning the full financial impact as Infosys, the Bengaluru-headquartered software service major co-founded by Akshata's father Narayana Murthy, stands to benefit from any such trade deal. India and the UK have been negotiating an FTA, now in its 12th round of negotiations, as Sunak prepares for his first visit to India as British Prime Minister for the G20 Leaders' Summit next month. «As the Prime Minister recently learned, it's important he declares any interests properly.
27.08 / 06:35
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Rishi Sunak running a 'zombie parliament', UK MP in resignation letter
Brexit proponents and even individuals linked to the "Partygate" scandal that played a role in his resignation last year were rewarded, Dorries' absence raised suspicions within Johnson's circle regarding interference from Sunak and Downing Street. Also Read: Rishi Sunak's 'Jai Shri Ram' slogan would have choked Lord Curzon: UK envoy Sunak's spokesperson informed reporters earlier that the assertion that the prime minister or officials expunged names from Johnson's list before its submission to a House of Lords vetting committee was "completely false." The dispute over the honours list in June led to the resignations of both Nigel Adams, who was also excluded from the list, and Johnson himself as Members of Parliament.
27.08 / 05:51
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Rishi Sunak's 'Jai Shri Ram' slogan would have choked Lord Curzon: UK envoy
NDTV news channel that he never imagined that one day a person from 10, Downing Street would chant 'Jai Shri Ram'. Eliis added that India's rise in the global order can be measured by the benchmark it has set in conducting the G20 presidency and UK Prime Minister saying 'jai Shri ram'. The channel quoted the UK envoy saying, "India tops all three visa categories in the UK - students, visitors, and skilled workers...
16.08 / 23:37
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UK PM Rishi Sunak attends Morari Bapu's Ram Katha - All you need to know about the spiritual leader
Jai Siya Ram’, Sunak emphasised the important role faith and religion had played in his life. The PM said that he aspires to lead how the Hindu scriptures have taught leaders to lead. “I'm here today not as a Prime Minister but as a Hindu.
03.08 / 10:53
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UK PM Rishi Sunak's mansion scaled, black fabric hung in protest by Greenpeace activists | WATCH
PM Rishi Sunak is detrimental to environment protection. "We desperately need our prime minister to be a climate leader, not a climate arsonist," news media outlet AFP quoted Greenpeace UK climate campaigner Philip Evans.
29.07 / 16:19
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Rishi Sunak gambles with lurch to right as UK moderates flee to Labour
London flirt with the Labour Party, Rishi Sunak is rolling the dice that a shift to the right could keep his Conservatives in power. Read More: Tories Urge New Sunak Strategy, Cabinet After Election Losses When the British prime minister took office after the turmoil of Liz Truss’s seven-week tenure in 10 Downing Street, he assured voters and investors he was the responsible choice to manage the country. His pitch based on political and economic sobriety had a calming impact on financial markets. It has not translated into electoral support. The Tories barely clung on to Boris Johnson’s former parliamentary seat in northwest London in a special election this month and watched huge majorities vanish in two other constituencies. That bolstered forecasts that the party is heading for a landslide defeat in a general election expected next year. So Sunak is going on the offensive. According to ministers and Tory strategists interviewed by Bloomberg, the premier’s plan is to lean into controversial cultural issues that play on some voters’ emotions and create dividing lines with Labour and the surging party’s leader, Keir Starmer.
29.07 / 07:13
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PM Rishi Sunak very much looking forward to G20 summit in September: UK envoy
Rishi Sunak is very much looking forward to attending the G20 Summit in New Delhi in September, UK High Commissioner in India Alex Ellis has said. Interacting with PTI on Friday on the sidelines of a preview of an art exhibition here, Ellis said he thought it was «great» that India is in the chair of the G20. India assumed the G20 presidency on December 1, 2022.
28.07 / 03:35
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‘Desperate nonsense’: London Mayor Sadiq Khan clashes with Prime Minister Rishi Sunak over housing crisis
reality again for Londoners," Sunak said. In response to Sunak's criticism, City Hall, led by Mayor Sadiq Khan, countered that the Tories were attempting to distract from their inaction on the mortgage crisis.
24.07 / 13:59
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Who will host 2026 Commonwealth Games? London Mayor shows interest, Rishi Sunak govt Remains skeptical
This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.
24.07 / 12:23
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UK PM Sunak: net zero is important but do not want to add to bills
Rishi Sunak said on Monday that the government's net zero targets were important to him, but he did not want to do anything that will add to people's bills at a time of high inflation. Britain in 2019 became the first member of the Group of Seven wealthy nations to set a net zero target, but some in Sunak's Conservative Party have criticised the net zero agenda for being too expensive.
23.07 / 03:43
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UK PM Rishi Sunak chooses 'Barbie First..,' in playful 'Barbenheimer' outing
Bloomberg. Universal Pictures reported that "Oppenheimer" raked in an impressive $10.5 million from Thursday evening previews.
21.07 / 09:17
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UK PM Sunak: By-election win shows next national election is not 'a done deal'
Rishi Sunak said a local by-election victory by his governing Conservative Party showed that the outcome of the next national general election was not «a done deal.» «No one expected us to win here,» Sunak told reporters after his party unexpectedly retained a parliamentary seat previously held by former prime minister Boris Johnson. «Westminster has been acting like the next election is a done deal, the Labour Party has been acting like it's a done deal.
21.07 / 04:55
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British Prime Minister Sunak avoids wipeout in key elections
Johnson's old constituency in a setback for the main opposition Labour Party. The votes were one of the last electoral tests before a general election expected next year and had been seen as an indicator of the two main parties' prospects.
21.07 / 02:49
Conservatives
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UK PM Sunak's Conservatives win Boris Johnson's former parliamentary seat
Rishi Sunak's Conservative Party won Boris Johnson's former parliamentary seat on the western fringes of London on Friday. The Conservative Party candidate, Steve Tuckwell, won the by-election with a majority of 495 votes.
18.07 / 15:17
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UK PM Rishi Sunak's Illegal Migration Bill clears Parliament hurdle
Migration Bill, instrumental to Prime Minister Rishi Sunak's pledge to «stop the boats» of illegal migrants entering the country's shores, has cleared its long-drawn parliamentary hurdle and will soon become law after Royal Assent from King Charles III. Under the bill, the UK's Home Secretary will have a legal duty to detain and remove anyone entering the UK illegally.
12.07 / 05:25
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Watch: Rishi Sunak, Anthony Albanese engage in cricket banter at NATO summit, UK PM reminds, ‘two more to go…’
British Prime Minister Rishi Sunak and Australian PM Anthony Albanese engaged in a good-natured banter revolving around the Ashes series when the duo met during the NATO summit in Lithuania The friendly encounter between the two politicians comes in the wake of a week-long dispute between England and Australia over a regulation crease stumping that was deemed against the spirit of the game. The video that went viral shows Albanese playfully displaying a paper indicating the scoreline of 2-1 in Australia's favour, while Sunak countered with a picture of England batsmen Mark Woods and Chris Woakes celebrating their recent Test match victory at Headingley. Taking it further, Albanese produced a photo of England wicketkeeper Jonny Bairstow being controversially stumped in the previous match at Lord’s.
11.07 / 04:23
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US President Joe Biden on Europe tour, meets UK's Rishi Sunak & King Charles-III ahead of NATO meeting
United States President Joe Biden began his trip to Europe on Monday with a visit to London where he met with British Prime Minister Rishi Sunak and King Charles-III. The US President described the relationship between the two nations as «rock solid.» The meeting between Biden and Sunak comes ahead of a key NATO meeting in Vilnius, Lithuania's capital. Biden, who is on a three-nation visit, made his first stop at the UK before heading later in the day for a NATO leaders summit in Lithuania.
09.07 / 22:13
05.07 / 07:47
economics
inflation
UK
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Sunak
UK sits as outlier on inflation as Sunak admits it is 'more persistent' than expected
Prime Minister Rishi Sunak
05.07 / 01:19
Fallout
Sunak
Time
UK PM Rishi Sunak's approval ratings plunge into negative for the first time since taking office
UK PM Rishi Sunak featured negative approval ratings among conservative members for the first time since taking office in October last year. According to the recent ConservativeHome survey, Sunak had an approval rating of - 2.7 percent down from 11.7 percent just last month. The decline in approval ratings comes while the government is suffering from the fallout of Bank of England's decision to increase the interest rate by 5 percent and the policy of deporting asylum seekers to Rwanda was ruled unlawful by a court last week.
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