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Mumbai (Maharashtra) [India], September 27 (ANI): Power couple <keyword id="5357" type="General" weightage="20" keywordseo="Twinkle-kHanna" source="Orion">Twinkle Khanna</keyword> and <keyword id="2823" type="General" weightage="20" keywordseo="Akshay-Kumar" source="Orion">Akshay Kumar</keyword> met UK Prime Minister <keyword id="221875" type="General" weightage="20" keywordseo="Rishi-Sunak" source="Orion">Rishi Sunak</keyword> during their <keyword id="6354968" type="General" weightage="20" keywordseo="London" source="Orion">London</keyword> visit. Twinkle took to Instagram on Wednesday to post a video of their visit to London. She captioned the post, "As much as I dislike wearing heels and dressing up, this evening was worth all the damaged toes. @sudha_murthy_official remains my hero, but it was pretty cool meeting her son-in-law, the prime minister :) @rishisunakmp Also put the sound on and hear @andreabocelliofficial Congratulations @anusuya12 and @theowo.london." https://www.instagram.com/p/Cxr6CM0M6cC/ The video starts with a performance of Italian tenor Andrea Bocelli at an event. At the end of the video Twinkle and Akshay can be seen posing with UK <keyword id="15345068" type="General" weightage="20" keywordseo="PM-Rishi-Sunak" source="Orion">PM Rishi Sunak</keyword>. Akshay and UK PM Sunak chose a formal suit while, Twinkle wore a white dress with a leopard design jacket. Earlier this month, Rishi Sunak along with his wife Akshata Murty arrived in New Delhi to attend the G20 Summit hosted by India under its Presidency. He along with his wife also offered prayers at Akshardham Temple in New Delhi during the visit. Meanwhile, on the work front, Akshay will be seen in the drama film 'Mission Raniganj: The Great Bharat Rescue'. Apart from this, Akshay will also be seen in the Hindi remake of the Tamil drama 'Soorarai Pottru' which is all set to hit the theatres on February 16, 2024. He also has an action thriller film 'Bade Miyan Chote Miyan' alongside Tiger Shroff and a comedy film 'Housefull 5' in his kitty.

Twinkle, Akshay pose with UK PM Rishi Sunak in London

Indian-origin Conservative party politician <keyword id="221875" type="General" weightage="100" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword> on Tuesday officially became the Prime Minister of the UK after meeting King <keyword id="5197699" type="General" weightage="80" keywordseo="charles-iii" source="Orion">Charles III</keyword> at Buckingham Palace, the media reported. In his first address as the Prime Minister, Sunak said: "UK is under economic distress... economic stability tops my agenda... my actions will speak louder." "I will give my all to help the people... hope to live up to the demands," he added. Sunak will be the UK's third leader in seven weeks after winning a Tory leadership contest triggered by <keyword id="2420812" type="General" weightage="80" keywordseo="liz-truss" source="Orion">Liz Truss</keyword> stepping down as the prime minister, the <keyword id="60684" type="General" weightage="50" keywordseo="bbc" source="Orion">BBC</keyword> reported. After being selected by Tory MPs on Monday, he warned the country faced a "profound economic challenge". Sunak ruled out an early general election, despite calls from Labour, the <keyword id="328029" type="General" weightage="50" keywordseo="scottish-national-party" source="Orion">Scottish National Party</keyword>, the Liberal Democrats and the Green Party. SEE ALSO: <a href="https://www.businessinsider.in/thelife/personalities/news/rishi-sunak-is-the-first-indian-origin-british-pm-know-more-about-one-of-uks-richest-premiers/slidelist/95077247.cms">Rishi Sunak is the first Indian-origin British PM – Know more about one of UK’s richest premiers</a> <a href="https://www.businessinsider.in/international/news/rishi-sunak-akshata-murtys-combined-fortune-is-2x-that-of-king-charles-iii/articleshow/95074007.cms">Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III</a>

Rishi Sunak officially becomes UK PM after meeting King

<ul class="summary-list"><li>The UK will be "perceived as racist" if Rishi Sunak is not elected PM, a Tory donor has claimed.</li><li>Rami Ranger said if Sunak did not succeed Boris Johnson the UK would get "a bad name".</li></ul>If Rishi Sunak doesn't become the UK's next prime minister, the country will get a "bad name" and be "perceived as racist", a prominent Conservative donor said.The comments were made by Rami Ranger, who has given £1.3 million to the party personally and through his firm Sun Mark. He was made a lord in 2019 by Theresa May.It came as Sunak competed with Liz Truss to be chosen by Conservative Party voters to succeed Boris Johnson as the party leader and therefore prime minister.Ranger told the Indian news channel Bharat Tak he was backing Sunak, a former chancellor, because his "calibre is above everyone else". The interview was in a mixture of Hindi and English, which Insider translated.He said that "internal politics" could work against Sunak, who if successful would become the UK's first prime of Indian origin."If people reject him, it will be a bad name for the party and the country because this will be perceived as racist," Ranger said."And so there is pressure on them to prove that here race does not matter. Calibre matters and Rishi's calibre is above everyone."He added: "I am optimistic that people here will be fair and will not reject anyone on the basis of race."The race to succeed Boris Johnson has been <a href="https://www.theatlantic.com/international/archive/2022/07/tory-leader-contest-boris-johnson-diversity/670507/">widely praised</a> as the <a href="https://www.thetimes.co.uk/article/tory-leadership-race-is-most-diverse-in-modern-british-history-8zf9p9pgh">most diverse in British history</a>, with candidates including Iraqi-born Nadhim Zahawi, Kemi Badenoch, who was born in London to Nigerian parents, and Sajid Javid, whose parents came from Pakistan.Sunak, who was the frontrunner during the parliamentary stage of the contest, made it to the final two against Truss, who currently has the edge. She would be the UK's third female prime minister. Sunder Katwala, the director of diversity think tank British Future, told Insider: "I think we now have ever-stronger evidence to state with increasing confidence that this leadership election will not be decided by either Rishi Sunak's ethnicity or Liz Truss's gender. "Two-thirds of the Conservative MPs voted for an ethnic minority candidate with their first leadership vote. In the membership polls, there was a late surge for Kemi Badenoch, who was the favourite among members of the last four. That seems to me to strike a decisive blow to the idea that skin colour discrimination is decisive in this race. "It is an ideological party — on Brexit and taxation — that is rather proud of having Black and Asian Conservatives when they share those Tory views," he said. "The claim that skin colour is decisive for most members is simply impossible to align with the evidence on their views." Katwala noted that "underdog" Sunak had "a tough battle" ahead of him to reach Downing Street. "But it is an election about leadership, taxation and the future direction of the party. I don't think Sunak's supporters or the party's political opponents have any credible evidence to suggest that race or gender is more than a marginal factor in this leadership election."Asked to elaborate on his initial comments, Ranger published a Twitter video. Via email, Ranger said that his interview was "given to an Indian TV to emphasise that the British and the Conservative Party are not racist."He stressed that Sunak being in the running for prime minister demonstrated "the British sense of fair play".But he added: "If the majority of the members overwhelmingly reject Rishi Sunak, it will create a negative perception in the minds of ethnic communities. It does not matter what I say; what matters is which way the public will vote.""Rishi has been supported by the majority of the parliamentary Conservative Party, and I believe people should support their elected representative. If they don't, then it is not me. It is them who send such [a] notion."Asked if he thought racism was still a factor in UK politics, Ranger said "not as much as when I started my journey in the Conservative Party some 35 years ago. We had to form the British-Asian Conservative Link to bring positive change to the Party… Due to our work, the Party has become more robust and our democracy richer."Sunak's campaign team declined to comment, saying only that "Rami's views are his own".

UK will be 'perceived as racist' if Rishi Sunak is not elected prime minister, prominent Tory donor claims

<ul><li><keyword id="5229561" type="General" weightage="100" keywordseo="braverman" source="Orion">Braverman</keyword> - an outspoken critic of former PM <keyword id="2420812" type="General" weightage="50" keywordseo="liz-truss" source="Orion">Liz Truss</keyword>'s economic policy -- stepped down last week. </li><li>The London-born daughter of a Goan-origin father and Tamil-origin mother, Braverman had come out in support of <keyword id="8774416" type="General" weightage="80" keywordseo="sunak" source="Orion">Sunak</keyword>.</li><li>The move is widely seen as a "payback" for her endorsement of Sunak.</li></ul> UK's new Prime Minister <keyword id="221875" type="General" weightage="50" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword> kicked off a row by reappointing Indian-origin <keyword id="8830799" type="General" weightage="50" keywordseo="suella-braverman" source="Orion">Suella Braverman</keyword> as Home Secretary, just days after she quit over a technical breach of government rules. Braverman -- an outspoken critic of former PM Liz Truss's economic policy -- stepped down last week after breaching email security rules. In her resignation letter, she also raised concerns about the direction of Truss's government. "Appointing Suella Braverman as Home secretary just days after she was sacked for a security breach doesn't smack of integrity, competence, professionalism or sensible politics. It's just cynical manoeuvring. This PM's no better than the last two," tweeted Labour MP <keyword id="132711" type="General" weightage="50" keywordseo="chris-bryant" source="Orion">Chris Bryant</keyword>. The London-born daughter of a Goan-origin father and Tamil-origin mother, Braverman had come out in support of Sunak saying he is the "only candidate that fits the bill and I am proud to support him". Braverman's appointment came hours after Sunak said he wanted to lead the Conservative party with "integrity, professionalism and accountability". Labour MP <keyword id="305873" type="General" weightage="50" keywordseo="yvette-cooper" source="Orion">Yvette Cooper</keyword> lashed out at Sunak saying, "our national security and public safety are too important for this kind of chaos". "He said he wants his Government to have 'integrity, professionalism and accountability at every level' yet he has just appointed Suella Braverman to be Home Secretary again a week after she resigned for breaches of the Ministerial Code, security lapses, sending sensitive Government information through unauthorised personal channels, and following weeks of non-stop public disagreements with other Cabinet Ministers," Yvette Cooper, shadow home secretary, was reported as saying in The Sun. According to The Guardian, the move is widely seen as a "payback" for her endorsement of Sunak when <keyword id="11011" type="General" weightage="50" keywordseo="johnson" source="Orion">Johnson</keyword> threatened a comeback during the leadership race. According to local media reports, questions were also raised about her stance on migration control, which has drawn sharp reactions from those even within her own party. Supporting the UK's exit from the European Convention on Human Rights, Braverman says that it is the only way for her country to solve immigration problems. "I would love to be having a front page of The Telegraph with a plane taking off to Rwanda... That's my dream. That's my obsession," she said at a fringe event at a Conservative party conference earlier in October. Back in India, the country of her parents' origin, the news of Braverman's reappointment has doused the initial euphoria over Sunak's rise as UK PM with his recent move drawing sharp reactions from the Indian Twitterati. Braverman nearly scuppered the India-UK Free Trade Agreement by saying that she feared the deal would increase migration to the UK, when Indians already represented the largest group of visa overstayers. She blamed uncontrolled migration into the UK and the newcomers' failure to integrate for the riots in Leicester. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/environment/news/almost-every-child-on-earth-will-suffer-from-heatwaves-by-2050-unicef/articleshow/95094595.cms">Almost every child on earth will suffer from heatwaves by 2050: Unicef</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/rishi-sunak-is-the-first-indian-origin-british-pm-know-more-about-one-of-uks-richest-premiers/slidelist/95077247.cms">Rishi Sunak is the first Indian-origin British PM – Know more about one of UK’s richest premiers</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/indias-it-giants-are-worried-about-moonlighting-employees-sharing-their-corporate-secrets/articleshow/95077652.cms">India’s IT giants are worried about moonlighting employees sharing their corporate secrets</a>

Row over Braverman's reappointment as UK Home Secy

London, Oct 25 (IANS) <keyword id="221875" type="General" weightage="20" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>, who will on Tuesday become the UKs 57th Prime Minister, is richer than King Charles III and, at 42, younger than every predecessor except William Pitt the Younger, the media reported. Sunak will also be the UK's first ever person of colour to lead the country, and first Hindu Prime Minister, The Guardian reported. He was born in Southampton in 1980 to Indian parents who had moved to the UK from east Africa. His father was a general practioner and his mother ran her own pharmacy. The eldest of three children, Sunak was educated at a private boarding school, Winchester College, which costs 43,335 pounds a year to attend. He was head boy, and has in recent years made multiple donations to the school. Sunak went on to study politics, philosophy and economics at the University of Oxford. He was awarded a first-class degree. He later gained an MBA at Stanford University, where he met Akshata Murty, his future wife, but where few others remember him, The Guardian reported. Murty, 42, is the daughter of the Indian billionaire NR Narayana Murthy, often described as the Bill Gates of India, who founded the software company Infosys. According to reports, his daughter has a 0.91 per cent stake in the company, worth about 700 million pounds. The couple married in her home town of Bengaluru in a two-day ceremony in 2009 attended by 1,000 guests. They have two daughters, Krishna and Anoushka. In April this year, it emerged that Murty was a non-domiciled UK resident, meaning she avoided UK taxes on her international earnings in return for paying an annual charge of 30,000 pounds. Without that non-dom status she could have been liable for more than 20 million pounds of UK taxes on these windfalls, it was reported. After a public outcry, her spokesperson announced she would start paying UK taxes on her overseas earnings to relieve political pressure on her husband, The Guardian reported. Still, Sunak and Murty's combined fortune is estimated to be 730 million pounds, double the estimated 300 million-350 million pounds wealth of King Charles III and Camilla, Queen Consort. They own four properties spread across the world and valued at more than 15 million pounds, The Guardian reported.

Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III

<ul class="summary-list"><li>Rishi Sunak will soon become the new prime minister of the UK.</li><li>His family's wealth clocks in at an estimated $825 million, making him one of the richest people in Britain.</li></ul>Rishi Sunak is set to become Britain's newest prime minister, taking over from Liz Truss after her astonishingly short — and chaotic — time in office. Truss's slashing of taxes and subsequent policy U-turns during her brief <a href="https://www.businessinsider.com/liz-truss-resigns-as-uk-prime-minister-2022-10">six weeks in office</a> spooked the markets and plunged Britain into <a href="https://markets.businessinsider.com/news/bonds/recession-uk-economy-tax-cuts-markets-crash-warning-global-leaders-2022-10">financial turmoil</a>. Her aggressive tax-cutting plan coupled with already soaring interest rates and a squeeze on energy prices worldwide has left many Brits with distinct financial worries and in a cost of living crisis.The UK now has more food banks than McDonald's, and many people are making the choice between eating and heating their homes, <a href="https://www.businessinsider.com/cost-of-living-there-are-more-food-banks-mcdonalds-uk-2022-9">as Insider's Bethany Dawson reported</a>. <a href="https://www.theguardian.com/business/2022/aug/29/almost-quarter-of-uk-plans-to-go-without-heating-this-winter-energy-price-cap">The Guardian reported</a> in August that almost a quarter of the country is planning not to turn on the heating this winter. On Monday, October 24, <a href="https://www.businessinsider.com/rishi-sunak-penny-mordaunt-next-uk-prime-minister-2022-10">Sunak secured the backing of his Conservative Party to become its leader</a>, thereby becoming the UK's presumptive PM. As a former Chancellor of the Exchequer, Sunak's grasp of fiscal policy may be welcomed by a country facing immense financial difficulties.However, Sunak also faces fierce criticism for his family's extraordinary wealth. With a net worth that <a href="https://www.theguardian.com/uk-news/2022/sep/14/the-sovereigns-wealth-uk-royal-familys-finances-explained">rivals that of King Charles III</a>, many <a href="https://www.theguardian.com/politics/2022/oct/22/rishi-sunak-rich-730m-fortune-prime-minister">fear</a> that Sunak will not be able to understand the daily financial struggles the British public faces, especially as Britain <a href="https://markets.businessinsider.com/news/currencies/uk-recession-outlook-liz-truss-quits-economy-tax-goldman-sachs-2022-10">faces the prospect of a painful recession</a>.Political research consultancy <a href="https://comresglobal.com/">Savanta ComRes</a> summed up public sentiment in a tweeted word cloud on Monday, based on the most common responses given to the surveyed question, "How would you describe Rishi Sunak in one word?""Clever," "good," and "okay" were prominently featured, but they were dwarfed by one word: "Rich." At the time of publication, the survey's methodology was not made public.<h2>A privileged childhood</h2>Sunak's parents were <a href="https://www.tatler.com/article/rishi-sunak-chancellor-of-the-exchequer-feature">born in colonial Africa</a> — his father, Yashvir, in Kenya, and his mother, Usha, in Tanzania. They met and married in the UK, where his father became a general practitioner and his mother went on to run a pharmacy. In a story for <a href="https://www.tatler.com/article/rishi-sunak-chancellor-of-the-exchequer-feature">Tatler</a>, a family friend described the pair as "passionately British." Sunak was educated at Winchester College — a fee-paying school that, in 2022, cost $38,500 to $52,000 a year to attend. In an <a href="https://news.sky.com/story/rishi-sunak-donates-more-than-100-000-to-his-old-boarding-school-winchester-college-12582879">interview with Sky News</a>, he expressed an understanding of how beneficial attending Winchester was for his career: "I was really lucky to have that opportunity. It was something that was really extraordinary, it certainly put my life on a different trajectory."Sunak became head boy at the distinguished boarding school before taking a path well-trodden for British politicians, studying philosophy, politics, and economics at Oxford. There, he received a First, the highest accolade for an undergraduate degree. It was during a Fulbright scholarship at Stanford in 2006, where Sunak gained an MBA, that his future fortune first entered his life. It was there where he met Akshata Murthy, the <a href="https://www.independent.co.uk/news/uk/politics/rishi-sunak-wife-akshata-murty-marriage-b2209298.html">daughter of Infosys billionaire Narayana Murthy</a>. The couple married in 2009 in an extravagant two-day wedding in Bangalore. Together, the couple's wealth is estimated at $825 million, <a href="https://www.businessinsider.com/rishi-sunak-first-uk-politician-to-enter-sunday-times-rich-list-2022-5">according to the Sunday Times Rich List</a>, <a href="https://www.forbes.com/sites/giacomotognini/2022/09/15/how-rich-is-king-charles-iii-inside-the-new-monarchs-outrageous-fortune/?sh=c03f0f6757f1">rivaling the net worth of King Charles III</a>.It's a union that made Sunak <a href="https://www.businessinsider.com/rishi-sunak-first-uk-politician-to-enter-sunday-times-rich-list-2022-5">the first frontline UK politician to enter The Sunday Times' annual wealth listing</a>.<div type="image" title="Rishi Sunak and Akshata Murthy" height="526" width="702" msid="95069520" hostid="261"></div>After becoming the Conservative Party's MP for Richmond in North Yorkshire in 2015, he was soon seen as a rising star and became Boris Johnson's chancellor between 2020 and 2022.In that role, he oversaw several fiscal stimulus measures amid the COVID-19 pandemic, including a <a href="https://www.reuters.com/article/us-health-coronavirus-britain-business/uk-unveils-420-billion-lifeline-for-firms-hit-by-coronavirus-idUSKBN2140VY">nearly $420 billion lifeline</a> of loan guarantees for affected businesses. But after Johnson was embroiled in numerous scandals, <a href="https://www.businessinsider.com/boris-johnson-ministers-sajid-javid-rishi-sunak-quit-cabinet-2022-7">Sunak resigned</a> and entered the race for the top job himself. <h2>Clumsy displays of wealth</h2>In the leadership election that ensued — which Liz Truss eventually won — Sunak played up his parents' humble beginnings, <a href="https://www.mirror.co.uk/news/politics/rishi-sunaks-privileged-childhood-no-27567616">emphasizing</a> how much they had "sacrificed" to give him an expensive education.But despite his attempts to portray a down-to-earth image, the British public has had numerous reminders that Sunak has a very different experience with money than most people. In August, a video clip of Sunak holding his contactless debit card up to the barcode scanner — rather than tapping it on the payment device — went viral, giving the impression that he rarely buys things in person. He <a href="https://www.mirror.co.uk/news/politics/rishi-sunak-admits-someone-teach-27702443">later confessed</a> that someone had to teach him how to use the card reader. In another resurfaced <a href="https://youtu.be/p9bbBYcwFOk">clip</a> from a 2007 interview with the BBC, Sunak suggested he didn't have any "working-class friends."He has also come under fire for his overt displays of wealth, including splashy purchases such as <a href="https://www.theguardian.com/politics/2020/jul/07/rishi-sunak-prepares-for-mini-budget-with-help-of-180-smart-mug">a $200 self-heating "smart" coffee cup</a> and <a href="https://www.theguardian.com/fashion/2022/jul/30/liz-truss-rishi-sunak-no-10-race-dress-prada-claires-fashion">$500 Prada loafers.</a> ("Values are what are important, what I'm wearing is irrelevant to all of that," Sunak <a href="https://www.theguardian.com/politics/2022/oct/22/rishi-sunak-rich-730m-fortune-prime-minister">told</a> the Guardian about his extravagant purchases.)<div type="image" title="Rishi Sunak" height="3000" width="4000" msid="95069522" hostid="261"></div>Sunak's wealth, however, has provided more than just the odd, embarrassing photo-op. <h2>Tax and visa scandals</h2>In November 2020, <a href="https://www.theguardian.com/politics/2020/nov/27/huge-wealth-of-sunaks-family-not-declared-in-ministerial-register">The Guardian reported</a> that Sunak had failed to mention his wife's massive wealth on the ministers' register of interests. While ministers are supposed to declare anything that might represent a conflict of interest, a subsequent investigation found that <a href="https://www.civilserviceworld.com/professions/article/sunak-cleared-of-ministerial-code-breach-over-tax-affairs">he had not breached the UK's ministerial code</a>. Earlier this year, Sunak's wife Murthy was also embroiled in a tax scandal after it <a href="https://www.theguardian.com/politics/2022/apr/07/rishi-sunaks-wife-says-its-not-relevant-to-say-where-she-pays-tax-overseas">emerged that she had "non-domiciled" status in the UK</a>, which allowed her to avoid paying British taxes on the income she earned abroad, primarily from Murthy's stake in Infosys, which is based in India. Murthy is also the <a href="https://affiliate.insider.com?u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fakshata-murty-5a04232%2F%3ForiginalSubdomain%3Duk">director</a> of her father's venture capital firm, Catamaran Ventures, and has shares in several other companies.Around the same time, Sunak faced scrutiny for holding a US green card while he was chancellor, despite his primary residence not being in the US, <a href="https://www.bbc.com/news/uk-politics-61044847">provoking questions</a> about whether he enjoyed tax benefits as a result. He relinquished his green card in October 2021, according to his spokeswoman.It's yet unclear whether Sunak and his family's wealth will prove to be an issue. His supporters, including British chancellor Jeremy Hunt, argue that Sunak's experience in finance and at the treasury make him the right man for the job."To restore stability and confidence, we need a leader who can be trusted to make difficult choices," Hunt, who will be looking to keep his position as chancellor, <a href="https://www.telegraph.co.uk/politics/2022/10/23/why-backing-rishi-sunak-prime-minister/">wrote</a> in the Daily Telegraph. "We also need someone who can explain those choices to members of the public who are worried about jobs, mortgages and public service. We have a leader who can do just that in Rishi Sunak."Correction: October 25, 2022 — An earlier version of this story misrepresented King Charles III's net worth. It has been updated to reflect that while Rishi Sunak's family's net worth rivals King Charles III, it is not double that of the royal's.Correction: October 25, 2022 — An earlier version of this story overstated Britain's economic crisis. It has been updated to reflect that while the UK faces the prospect of an economic recession, it is not a certainty.

New UK PM Rishi Sunak married into almost $1 billion in tech money, has a net worth that rivals King Charles, and takes over a country struggling to afford heating

<ul class="summary-list"><li>UK Prime Minister Rishi Sunak is worth about $850 million according to the Sunday Times Rich List.</li><li>With wealth that rivals King Charles III, the former finance minister is the richest UK leader ever.</li></ul>After the most turbulent period in British politics in recent memory, Rishi Sunak became the UK's new prime minister last week.The 42-year-old former chancellor (finance minister) has a <a href="https://www.thetimes.co.uk/article/rishi-sunak-akshata-murty-net-worth-sunday-times-rich-list-86ls8n09h">net worth of £730 million</a> ($847 million) according to the Sunday Times Rich List, and was ranked 222nd in May. Sunak is by far the <a href="https://www.reuters.com/world/uk/uks-rishi-sunak-becomes-richest-ever-occupant-number-10-2022-10-25/">richest person to enter No. 10 Downing Street,</a> Reuters reported.He and wife Akshata Murthy's net worth even rivals that of royals such as King Charles. Queen Elizabeth II was estimated to be<a href="https://www.insider.com/where-does-the-royal-family-get-money-2017-1"> worth about $440 million before her death</a>, according to the Sunday Times.But Sunak's enormous wealth has left him open to criticism about being out of touch with working people. With a challenging economic outlook for the country, it's a background that could make his job as PM even more difficult.<h2>Tough decisions</h2>Sunak takes office amid the Conservative party's bleakest outlook since coming into power in 2010. The opposition Labour party<a href="https://yougov.co.uk/topics/politics/articles-reports/2022/09/29/voting-intention-con-21-lab-54-28-29-sep-2022"> has opened up a huge lead</a> in opinion polls after the markets were <a href="https://markets.businessinsider.com/news/currencies/charts-liz-truss-resignation-uk-markets-gilts-pound-dollar-treasurys-2022-10">plunged into turmoil</a> and the pound fell to a record low against the dollar due to former PM Liz Truss' disastrous economic policies.His win in last week's leadership battle appeared to<a href="https://markets.businessinsider.com/index/ftse_100"> calm financial markets</a>, but his biggest challenge is ahead as balancing the UK's books may require both tax hikes and spending cuts. Paul Hollingsworth, chief European economist at BNP Paribas, said that stabilizing the economy was likely to require "significant spending cuts ... which will hurt, both economically and politically."<h2>Sunakonomics</h2>Sunak's time as chancellor was marred by the pandemic. He took the role in February 2020 about a month before England went into lockdown. Sunak spent tens of billions of pounds on the furlough income support scheme as well as help for the self-employed, and a controversial discount scheme for restaurant meals.<div type="image" title="Rishi Sunak puts an Eat Out to Help Out sticker in a restaurant window during a visit to Rothesay on the Isle of Bute, Scotland in August 2020." height="2666" width="3556" msid="95188273" hostid="261"></div>It's difficult to square that spending with Sunak's own economic ethos, which economists say is that of a hawkish balancer of the books.<a href="https://www.ippr.org/about/people/staff/george-dibb">George Dibb</a>, head of the Centre for Economic Justice at the IPPR, said Sunak was forensic about the details of tax policy. He cited Sunak's <a href="https://www.gov.uk/government/speeches/chancellor-rishi-sunaks-mais-lecture-2022">Mais lecture</a> in February, where he spoke about the need for funded tax cuts, as an example of the PM's frugal approach to finances. But Dibb added that Sunak was also prone to delays that cost the economy even more money and left people worse off: "He was forced into acting rather than pre-empting things." When Sunak set about correcting that multibillion-dollar shortfall from the pandemic, some argue he did it in a way that hurt the worst-off.He stared down inequality campaigners in September last year by ending a £20-per-week pandemic-era uplift to social security payments, which<a href="https://www.jrf.org.uk/universal-credit-cut-impact-constituency"> the Joseph Rowntree Foundation</a> predicted would plunge 500,000 people into poverty.The IPPR <a href="https://www.ippr.org/news-and-media/press-releases/revealed-poorest-get-just-120-help-in-spring-statement-while-richest-handed-480-boost">estimated</a> that the Spring Statement, Sunak's last budget as chancellor, offered the poorest households an extra £120 per year, while the richest received a £480 boost. As British people struggle to keep up with soaring energy prices and inflation that has peaked<a href="https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/september2022"> at a 40-year high of 10.1%</a>, questions of fairness will return to Sunak's administration. "He doesn't seem to understand that people are working full-time, doing the best they can, and literally still cannot make ends meet," <a href="https://neweconomics.org/profile/jeevun-sandher">Jeevun Sandher</a>, head of economics at the New Economics Foundation, told Insider.Sandher argued Sunak's economic decisions echoed the austerity championed 10 years ago by a previous Conservative government, a move which contributed to a notable rise in child poverty, <a href="https://ifs.org.uk/news/share-children-whose-families-could-not-afford-essentials-fell-quarter-six-years-running">per IFS research</a>.Now, Dibb said, voters have far less appetite for spending cuts as <a href="https://www.theguardian.com/society/2022/oct/26/seven-in-10-nhs-trusts-in-england-failing-to-hit-cancer-referrals-target">waiting times to see a doctor rise</a> and <a href="https://www.gov.uk/government/statistics/crime-outcomes-in-england-and-wales-2021-to-2022">crime goes up</a>, and in any case, "there isn't very much fat left to trim" from the public finances. "Some people are doing really badly out of this crisis, but that's not uniform," Dibb said.Increasing taxes on wealth and energy companies, which <a href="https://markets.businessinsider.com/news/commodities/europe-energy-crisis-windfall-taxes-gas-electricity-eu-markets-2022-9">have posted huge profits this year</a> after Russia invaded Ukraine, would be the best options to balance the books, according to Dibb. They weren't likely to be options Sunak would take, however, he said. <h2>Too rich?</h2>Low political appetite for public spending cuts that hurt the poor will be seen through the lens of who is administering them: the £730 million PM Sunak. The ex-finance minister has a 19th century, Grade II-listed mansion in Yorkshire as well as a London home <a href="https://www.theguardian.com/politics/2022/oct/22/rishi-sunak-rich-730m-fortune-prime-minister">worth millions</a>. At a time when<a href="https://www.businessinsider.com/cost-of-living-there-are-more-food-banks-mcdonalds-uk-2022-9"> rising energy costs are forcing more and more families to use food banks</a>, Sunak is likely to feel the pinch in the shape of a £13,000 annual bill to heat his swimming pool,<a href="https://www.mirror.co.uk/news/politics/rishi-sunak-spend-13000-year-26782055"> the Mirror reported</a>.And the PM, who has also faced scrutiny for his wife's non-domiciled status, which allowed her to receive about £11.5 million in dividends without paying UK tax, is likely to be an easy target for opposition MPs and campaigners."People have got so much going on with their own lives, it's hard for them to know just how insanely rich their MP is," Gary Stevenson, an inequality campaigner,<a href="https://www.theguardian.com/politics/2022/oct/22/rishi-sunak-rich-730m-fortune-prime-minister"> told the Guardian</a>. "He is arguably the richest person to ever to sit in Parliament, and as chancellor, he oversaw the biggest increase in inequality ever."

Rishi Sunak is worth almost $850 million, making him Britain's richest prime minister. Here's why that could be a big problem.

<keyword id="221874" type="General" weightage="100" keywordseo="akshata" source="Orion">Akshata</keyword> <keyword id="1806167" type="General" weightage="80" keywordseo="murty" source="Orion">Murty</keyword>, Britain's incoming Prime Minister <keyword id="221875" type="General" weightage="50" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>'s wife whose tax status on income from outside the UK had triggered a controversy, earned Rs 126.61 crore (USD 15.3 million) in dividend income in 2022 from her shareholding in India's second-largest IT firm <keyword id="6354512" type="General" weightage="80" keywordseo="infosys" source="Orion">Infosys</keyword>. Murthy, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to company filings with the stock exchanges. Her holding is worth Rs 5,956 crore (about USD 721 million) at Tuesday's trading price of Rs 1,527.40 on the BSE. Infosys paid Rs 16 per share final dividend for the 2021-22 fiscal on May 31, this year. For the current year, the firm this month announced an interim dividend of Rs 16.5, according to the company's stock exchange filings. The two dividends totalled Rs 32.5 per share or Rs 126.61 crore for Akshata. Infosys is among the best dividend-paying companies in India. In 2021, it paid a total of Rs 30 per share dividend, which would have given Akshata a total of Rs 119.5 crore in that calendar year. Sunak, 42, on Sunday won the race to lead the Conservative Party and is now set to become Britain's first prime minister of Indian origin and its youngest leader in modern times. While Sunak is a British national, his wife Akshata is an Indian citizen. Her non-domiciled status, which allows her to earn money abroad without paying taxes in Britain for a period of up to 15 years, has been a divisive issue in the UK. Non-domiciled status of Akshata became an issue of discussion in Britain when Sunak first entered the race to become the prime minister in April this year. At that time, her spokesperson had stated that as a citizen of India, she was unable to hold citizenship of another country and that "she has always and will continue to pay UK taxes on all her UK income." As the controversy snowballed, she at that time announced that she would pay UK tax on all of her worldwide earnings out of a "British sense of fairness".It is not known how much taxes she paid in the UK on the dividend income that accrued to her after April - Rs 16 per share final dividend for the 2021-22 fiscal year (April 2021 to March 2022) paid on May 31, 2022, and Rs 16.5 a share interim dividend for 2022-23 fiscal that is due to be paid on October 27. Born in her mother Sudha Murthy's hometown of Hubballi in northern Karnataka, Akshata did her schooling in Bengaluru, before moving to Claremont McKenna College in California, where she graduated with a dual major in economics and French. She did a fashion designing diploma from the Fashion Institute of Design and Merchandising in Los Angeles, which followed a short work stint at Deloitte and <keyword id="45009" type="General" weightage="50" keywordseo="unilever" source="Orion">Unilever</keyword>. She thereafter went on to pursue her MBA at Stanford where she met Rishi Sunak. The two married in 2009. The couple, who own a vast real estate portfolio, has two children, Krishna and Anoushka. They live in a 7 million townhouse in Kensington. They also own a flat in Kensington, a mansion in Rishi's Yorkshire constituency and a penthouse in California. The son of a pharmacist mother and doctor father, Sunak was educated at one of England's most renowned schools, Winchester, and then Oxford. He spent three years at Goldman Sachs Group Inc. and later gained an MBA from Stanford in California, where he met his wife Akshata Murthy. According to Infosys filings, the promoters hold 13.11 per cent of the company. Of this, the Murty family owns 3.6 per cent (Narayana Murthy holds 0.40 per cent stake, his wife Sudha 0.82 per cent, son Rohan 1.45 per cent and daughter Akshata 0.93 per cent). Other promoters include co-founder S Gopalakrishnan, Nandan M Nilekani and S D Shibulal and their families. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/rishi-sunak-akshata-murtys-combined-fortune-is-2x-that-of-king-charles-iii/articleshow/95074007.cms">Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/rishi-sunak-is-the-first-indian-origin-british-pm-know-more-about-one-of-uks-richest-premiers/slidelist/95077247.cms">Rishi Sunak is the first Indian-origin British PM – Know more about one of UK’s richest premiers</a>

Rishi Sunak's wife Akshata Murty earned $15.3 mn dividend income from Infosys in 2022

<ul><li>Indian-origin <keyword id="221875" type="General" weightage="100" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword> is set to take charge as the British Prime Minister.</li><li>The calls for the general election are getting louder as Rishi Sunak set to take charge as the British Prime Minister.</li><li>Some 62% of people said they wanted to see a general election be held in 2022.</li></ul>With Indian-origin Rishi Sunak set to take charge as the British Prime Minister, calls for the general election are getting louder with almost two-thirds of voters wanting it before the end of the year, a poll has found. Some 62 per cent of people said they wanted to see a general election be held in 2022, once Rishi Sunak had taken office as Prime Minister, polling company Ipsos has found. At the beginning of August, 51 per cent of people told Ipsos they would back a general election. The latest figures came from a survey of 1,000 adults between October 20 and 21. Sunak, who is expected to go to Buckingham Palace to meet King <keyword id="5197699" type="General" weightage="50" keywordseo="charles-iii" source="Orion">Charles III</keyword>, ruled out an election quickly after he was announced as the new Conservative leader. "Certainly, he said that there will be no early general election," Simon Hoare, a senior MP who supported Sunak, told reporters. In the UK, the next general election due to take place under the law is January 2025, but the Prime Minister has the power to decide a date any time before then. The proportion of calls by the UK public calling for a general election has increased since <keyword id="2420812" type="General" weightage="50" keywordseo="liz-truss" source="Orion">Liz Truss</keyword> announced her resignation on October 20, the Evening Standard reported. Also, opposition parties have ratcheted-up their election calls, claiming Truss's successor has "no mandate". Boris Johnson loyalist Nadine Dorries said it will be "impossible" to avoid a general election in the weeks ahead, as Rishi Sunak was named as Prime Minister-in-waiting. "I think everybody who I've spoken to, the public, have said we should be having a general election," Labour's deputy leader Angela Rayner told local media. Another Ipsos poll, taken between October 19 and 20, said that Sunak will begin his premiership trailing opposition leader Sir Keir Starmer. It found that 36 per cent of people thought Sunak would make a good prime minister -- a higher total than any other Conservative but slightly behind Sir Keir's total of 46 per cent. Sunak will make a bad Prime Minister with 32 per cent of the people saying that about him while 28 per cent think Sir Keir would do a bad job. "In choosing Rishi Sunak as the next prime minister, the <keyword id="107792" type="General" weightage="50" keywordseo="conservative-party" source="Orion">Conservative Party</keyword> have picked a contender with the widest appeal, but the public are still uncertain whether he will do a good job in office," Keiran Pedley, director of political research at Ipsos, said. Around 54 per cent of Conservative voters thought Sunak would do a good job as Prime Minister, compared to 52 per cent who thought Johnson would do a good job if he was brought back, the Ipsos poll said. SEE ALSO: <a href="https://www.businessinsider.in/business/news/indias-defense-exports-touched-a-record-13000-crore-in-2021-22/articleshow/92850833.cms">India's defense exports surge to ₹13,000 crore — private companies beat govt</a> <a href="https://www.businessinsider.in/defense/news/made-in-india-lightweight-combat-helicopter/articleshow/94613836.cms">Here’s everything you need to know about the made-in-India lightweight combat helicopter</a>

With Rishi Sunak as UK PM, general election calls get louder

<ul class="summary-list"><li>Boris Johnson said he has paid a fine for attending a party that broke COVID-19 lockdown rules.</li><li>Chancellor Rishi Sunak paid a fine for being at the party, as has Carrie Johnson, the PM's wife.</li></ul>UK Prime Minister Boris Johnson apologised and paid a fine for attending a party to mark his birthday that breached UK lockdown rules at the time."Today I've received a fixed penalty notice from the Metropolitan Police relating to an event in Downing Street on 19 June 2020. Let me say immediately I have paid the fine and I once again offer a full apology," he said Tuesday evening.The fine was issued for an event on June 19, 2020, held in the Cabinet Room of 10 Downing Street to celebrate Johnson's birthday, <a href="https://www.itv.com/news/2022-01-24/boris-johnson-had-birthday-bash-during-lockdown-itv-news-understands">ITV News reported</a>. Johnson described the gathering as "brief.""It did not occur to me that this might have been a breach of the rules. But of course the police have found otherwise and I fully respect the outcome of their investigation."I understand the anger that many will feel that I myself fell short when it came to observing the very rules which the government I led had introduced to protect the public. I accept in all sincerity, that people had the right to expect better."Chancellor Rishi Sunak also received a fine for attending the birthday party, and in a statement issued Tuesday evening said he had paid it. "I know people sacrified a great deal during Covid, and they will find this situation upsetting. I deeply regret the situation and anger caused and I am sorry," he said.Carrie Johnson, the prime minister's wife, has also paid a £50 fine issued to her for attending the birthday party.On Tuesday evening, Johnson suggested the gathering was with "people I work with," despite his wife's attendance."Whilst she believed that she was acting in accordance with the rules at the time, Mrs Johnson accepts the Met Police's findings and apologises unreservedly," a spokesperson for Carrie Johnson said.<div type="image" title="Carrie and Boris Johnson" height="1285" width="1713" msid="90804213" hostid="261"></div>The London Metropolitan Police have been investigating 12 events held by government officials that may have broken the rules, known as "partygate."The events under investigation include the gathering at the 10 Downing Street Cabinet Room; a garden party at 10 Downing Street; and an event at 11 Downing Street, the prime minister's residence.A Downing Street spokesperson said: "The Met Police have now explained that the FPN [fixed penalty notice] issued to the PM will be in relation to the following incident: 'On 19th June 2020 at the Cabinet Room 10 Downing Street between 1400 and 1500 you participated in a gathering of two or more people indoors in the Cabinet Room at 10 Downing Street.'"<a href="https://www.businessinsider.com/39-times-the-government-denied-partygate-allegations-broke-rules-2022-3?r=US&amp;IR=T">The government had said 39 times that no rules had been broken</a> within the first two weeks of the first partygate allegations.<div type="image" title="Rishi Sunak" height="776" width="1200" msid="90804211" hostid="261"></div><keyword id="11893589" type="UNKNOWN" weightage="100" keywordseo="news" source="Orion">News</keyword> of the fines came during parliament's Easter recess. MPs are due to return on April 19. A senior Conservative MP, who was given anonymity to speak frankly, swore upon being told of the news by Insider.Afterwards, they said: "Gosh. Wow. I am extraordinarily pissed off about that. I'll get over it eventually."But given all the pain so many people went through and the continuing fallout of lockdown on people's wellbeing, right now, forgiveness is not high up on the list of emotions."Asked if Johnson and Sunak should resign as a result of receiving the fines, the MP said: "Whether they stay or go is a decision for them to make. We are all responsible for our own actions."The leader of the opposition Labour Party, Keir Starmer, said: "Boris Johnson and Rishi Sunak have broken the law and repeatedly lied to the British public. They must both resign."The Conservatives are totally unfit to govern. Britain deserves better."Ed Davey, leader of the Liberal Democrats, called for Parliament to be recalled from its Easter recess for a vote of no confidence."The country cannot have criminals and liars leading our Government, especially at a time of national and international crisis," he said."Boris Johnson and Rishi Sunak took the country's sacrifices for granted, while they broke the law to party in Downing Street. They are not fit to hold office. If they had a shred of decency, they would resign. "Parliament should be recalled immediately so that MPs can hold a vote of no confidence. Conservative MPs must do their patriotic duty and kick these criminals out of Government once and for all."<h2>'Failures of leadership'</h2>No sitting prime minister has been found guilty of <keyword id="11896059" type="UNKNOWN" weightage="60" keywordseo="breaking" source="Orion">breaking</keyword> the law before.Partygate has dealt a big blow to Johnson's government, with a report published in January finding that "<a href="https://www.businessinsider.com/boris-johnson-sue-gray-report-partygate-published-what-it-says-2022-1">failures of leadership and judgment</a>" enabled the culture of drinking and partying under him.As of Tuesday, the Met has issued a total of 50 fines, <a href="https://www.theguardian.com/uk-news/2022/apr/12/partygate-police-have-issued-50-fixed-penalty-notices-says-met">The Guardian reported</a>. The force issued 20 fines in late March and 30 more on Tuesday.Cabinet Secretary Simon Case — who was forced to recuse himself from leading an investigation into the gatherings after it emerged that a Christmas quiz was held at his department — has not received a fine, a Cabinet Office spokesperson told Insider.

Boris Johnson fined for attending lockdown-breaking party to celebrate his birthday

London, Mar 3 (AP) Britain's treasury chief is expected to extend job support programmes and temporary tax cuts to help workers and businesses hit by the coronavirus pandemic when he delivers his budget to Parliament on Wednesday. Rishi Sunak said in a tweet he will announce a three-part plan to "protect the jobs and livelihoods of the British people" when he speaks to House of Commons at 12:30 pm London time. British media reports indicate Sunak will extend the furlough programme, under which the government pays 80 per cent of the wages for private employees unable to work during the pandemic. He also plans to expand grants for self-employed workers, while extending a temporary increase in welfare payments and tax relief for businesses. While the pandemic has pushed public borrowing to levels not seen since World War II, economists say the stimulus programmes need to continue as large parts of the economy remain shut down by restrictions designed to control the pandemic. The government has announced plans to ease lockdown measures following the rapid roll out of COVID-19 vaccines, but many businesses are expected to remain closed until June 21.(AP) RUP

UK Treasury boss to extend job support, tax breaks in budget

<ul><li><keyword id="1806167" type="General" weightage="100" keywordseo="murty" source="Orion">Murty</keyword> has a reported £<a href="https://www.bbc.com/news/uk-politics-61055789">700</a> million pounds stake in her father’s company, Infosys. </li><li>She has a networth of around $1.3 billion, according to Bloomberg. </li><li>Apart from being a fashion designer, she is the director of Digme Fitness and owns shares in Wendy’s India and Jamie Oliver restaurants. </li><li>Murty was surrounded by controversies over evading tax on foreign income from India. </li></ul>Akshata Narayana Murty was born in 1980 to a young ambitious computer engineer and a computer scientist who were finding their foot in the yet-to-evolve software market of the country. While most of her young age was spent with her paternal grandparents, it did not stop her parents — N R <keyword id="6355623" type="General" weightage="50" keywordseo="narayana-murthy" source="Orion">Narayana Murthy</keyword> and Sudha Murthy – from drawing the line in terms of parenting her and her brother both. Hence, Akshata and Rohan were one of those rare 80-born children who lived without TV and spent their time in better pursuits like reading and spending time with real people instead of TV characters. Now, even as she holds the distinction of being UK’s first Indian first lady, billionaire Akshata Murty is known for much more than that. She is a fashion designer, venture capitalist and entrepreneur. The latest title however came with its own pressures. Murty, born in India and non-domiciled in the UK, came under the spotlight after her husband <keyword id="221875" type="General" weightage="20" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>, now the PM of UK, began his campaign. Murty comes from a family of wealth and reportedly has a £<a href="https://www.bbc.com/news/uk-politics-61055789">700</a> million pound stake in Infosys, a company her parents founded along with others. Rishi Sunak and Akshata Murty’s combined net worth is £730 million, which is reportedly more than the head of the British monarchy <a href="https://www.businessinsider.in/international/news/rishi-sunak-akshata-murtys-combined-fortune-is-2x-that-of-king-charles-iii/articleshow/95074007.cms">King Charles III</a>. Murty’s networth is $1.3 billion, according to <a href="https://www.bloomberg.com/news/articles/2022-05-30/rishi-sunak-s-wife-akshata-murty-builds-catamaran-ventures-ties-to-rich-families">Bloomberg</a>, largely due to a 0.91% stake in her father’s company Murty is one of Britain’s wealthiest businesswomen. They met at Stanford Born in Hubli in Karnataka, the daughter of N R Narayana Murthy, considered ‘father of the Indian IT sector’ and <keyword id="6355854" type="General" weightage="50" keywordseo="sudha-murty" source="Orion">Sudha Murty</keyword>, an acclaimed philanthropist and writer. Narayana Murthy is one of India’s wealthiest businessmen with a fortune of <a href="https://en.wikipedia.org/wiki/N._R._Narayana_Murthy#:~:text=As%20of%20October%202022%2C%20his,the%20world%20according%20to%20Forbes.&amp;text=Murthy%20was%20born%20and%20raised%20in%20Shidlaghatta%2C%20Karnataka.">$4.5 billion</a>. Sudha Murty is a Padma Shri awardee, considered India’s fourth highest civilian honour, and also heads Infosys’ non-profit arm Infosys Foundation. Akshata Murty attended high school in Bangalore and studied at Fashion Institute of Design &amp; Merchandising, Los Angeles. She also has a Masters degree in business administration from Stanford University. This is where she met Sunak and got married to him in Bangalore in 2009. The couple have two daughters Anoushka and Krishna. “When I met him we were 24 year old business school students, living in another country, and had no idea of where life would take us,” she tweeted in<a href="https://twitter.com/anmurty/status/1512711676709191680?t=Fbkv_a5GZg-EgAEhOtFDNQ&amp;s=08"> April</a>. ‘India remains the country of my birth, but I love UK too’ The shadow of her father’s company Infosys became heavier on her when it was reported earlier this year that the Indian IT company was still operating in Russia during the Ukraine war, despite counter claims by the company. Akshata Murty denied having any stake in the operations of the company, clarifying her position with Sky <a href="https://news.sky.com/story/rishi-sunak-calls-for-explanation-over-chancellors-wife-stake-in-company-operating-in-russia-12604359">News</a>. Another controversy which clouded the Sunak campaign was her status as a non-domiciled resident in the UK, which BBC reported gave her a way to evade £2.2 million in UK <a href="https://www.bbc.com/news/uk-politics-61055789">taxes</a>. A non-domiciled is a resident citizen who has her permanent home in another country, in this case, India. “My decision to pay UK tax on all my worldwide income will not change the fact that India remains the country of my birth, citizenship, parents’ home and place of domicile. But I love the UK too,” Murty tweeted in <a href="https://twitter.com/anmurty/status/1512711676709191680?t=Fbkv_a5GZg-EgAEhOtFDNQ&amp;s=08">April</a>. As the law states, Murty as a non-domiciled citizen in the UK is not required to pay taxes on her overseas earnings, which came to £11.6 million she got as a <a href="https://www.bbc.com/news/uk-politics-61055789">dividend</a> from her father’s company last year. Post an inquiry, Akshata agreed to pay her due taxes. She additionally pays £30,000 per year to maintain her non-domiciled <a href="https://www.bbc.com/news/uk-politics-61045825">status</a>, BBC reported. “It has become clear that many do not feel it is compatible with my husband's role as chancellor. I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family,” she <a href="https://www.bbc.com/news/uk-politics-61045825">said.</a> Murty had previously started her own design label called Akshata Designs, which closed down in 2012. The next year, she became director of the family-owned venture capital firm called <a href="https://www.bloomberg.com/news/articles/2022-05-30/rishi-sunak-s-wife-akshata-murty-builds-catamaran-ventures-ties-to-rich-families">Catamaran Ventures</a>, which invested in British luxury furniture The New Craftsmen and Elon Musk’s Space Exploration Technology Corporation. She is also director at London-based Digme Fitness which is currently valued at £<a href="https://pomanda.com/company/09631514/digme-fitness-limited#:~:text=digme%20fitness%20limited%20Estimated%20Valuation&amp;text=Pomanda%20estimates%20the%20enterprise%20value,multiple%20(adjusted%20for%20liquidity).">7.2 million</a>. Murty also owns shares in two of famed British cook and entrepreneur Jamie Oliver restaurants, Wendy’s in India and in fitness brand Digme Fitness, according to <a href="https://economictimes.indiatimes.com/news/international/world-news/akshata-murty-billionaire-wife-of-rishi-sunak-runs-these-businesses/articleshow/95075345.cms?from=mdr">Economic Times</a>. Murty also heads the London branch of IT company <a href="https://en.wikipedia.org/wiki/Akshata_Murty#cite_note-15">Soroco</a>, co-founded with her brother <keyword id="80837" type="General" weightage="50" keywordseo="rohan-murthy" source="Orion">Rohan Murthy</keyword> in 2014. ‘I know how <keyword id="4793" type="General" weightage="50" keywordseo="will-smith" source="Orion">Will Smith</keyword> felt at the Oscars’ Rishi, in a BBC news <a href="https://www.bbc.com/news/uk-politics-60941902">podcast</a>, defending the smear campaign against his family, especially his wife, said, “I think it's totally fine for people to take shots at me. It's fair game. I'm the one sitting here and that's what I signed up for.” “But I feel, on reflection, both Will Smith and me having our wives attacked - at least I didn't get up and slap anybody, which is good”, he <a href="https://www.bbc.com/news/uk-politics-60941902">added</a>. Rishi Sunak, until recently was the chancellor to the exchequer, residing in 11 Downing Street. He resigned in July and the family shifted to a house in West London. The<a href="https://en.wikipedia.org/wiki/Akshata_Murty#cite_note-15"> couple</a> reportedly also own a manor house in <keyword id="15351944" type="General" weightage="50" keywordseo="kirby-sigston" source="Orion">Kirby Sigston</keyword>, a mews house in Central London, a penthouse apartment in Santa Monica and a flat on Old Brompton Road. They would soon be moving to 10 Downing Street. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/rishi-sunak-akshata-murtys-combined-fortune-is-2x-that-of-king-charles-iii/articleshow/95074007.cms">Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/row-over-bravermans-reappointment-as-uk-home-secy/articleshow/95094758.cms">Row over Braverman's reappointment as UK Home Secy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/rishi-sunaks-wife-akshata-murty-earned-15-3-mn-dividend-income-from-infosys-in-2022/articleshow/95076869.cms">Rishi Sunak's wife Akshata Murty earned $15.3 mn dividend income from Infosys in 2022</a>

Meet the first Indian first lady of UK - Akshata Murty

<ul class="summary-list"><li>Global <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> jumped on Wednesday as bond yields eased, removing some fears over a rapid rise in inflation.</li><li>President Joe Biden said the US may have enough vaccines for every adult American by end-May.</li><li>In the UK, Rishi Sunak will present the government's 2021 budget.</li></ul>Global stocks rose on Wednesday, as investor optimism grew over an easing in bond prices that has soothed worries over the possibility that central banks may raise interest rates faster than expected.Futures on the <a href="https://markets.businessinsider.com/index/dow_jones">Dow Jones</a>, <a href="https://markets.businessinsider.com/index/s&amp;p_500_500">S&amp;P 500</a>, and <a href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq</a> rose between 0.7% and 0.9%.There are signs that the rise in yields is peaking, according to UBS. The <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years">US 10-year yield</a> retreated from its high last week above 1.6% to around 1.436% early Wednesday. "We believe this stabilization is likely to continue, as central banks around the world are pushing back against yield increases that they see as unjustified," said Mark Haefele, chief investment officer at UBS Global Wealth Management.On the <keyword id="24209" type="PERSON" weightage="60" keywordseo="vaccine">vaccine</keyword> front, President Joe Biden announced <a href="https://www.businessinsider.com/merck-will-help-make-johnson-and-johnson-covid-19-vaccines-2021-3">Merck will dedicate two US facilities</a> to make doses of Johnson &amp; Johnson's vaccine. Merck might need months to get the facilities ready to produce J&amp;J's vaccines, according to the Washington Post. Biden has said the US may have enough vaccines for every adult American <a href="https://www.businessinsider.com/biden-us-will-have-vaccines-300-million-people-may-2021-3">by the end of May</a>.In the UK, investors are anticipating the government's 2021 budget, which will be presented by Chancellor Rishi Sunak at the House of Commons around 12.30 p.m. GMT, before later holding a press conference at 5.00 p.m. GMT. Britain has the highest <keyword id="8763838" type="UNKNOWN" weightage="60" keywordseo="covid-19">COVID-19</keyword> death toll in Europe and has suffered the worst economic fallout from the pandemic from among the G7 nations.Any sign that Sunak will withdraw existing support, particularly for employment, could dent UK <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>."Most potential announcements have already been trailed in the press, such as the possibility of higher corporation taxes and an extension of the furlough scheme (now to September as confirmed last night), but as ever with UK budgets there may be some unrevealed rabbits that could yet be pulled out of the hat," said Deutsche Bank's Jim Reid.The pound was last up 0.3% against both the dollar and the euro. In Germany, Chancellor Angela Merkel is set to <a href="https://www.dw.com/en/germany-plans-to-extend-coronavirus-lockdown-to-march-28/a-56744398">extend the COVID-19 lockdown</a> by three weeks to March 28, which includes the closure of non-essential shops and restaurants, although a relaxation on private gatherings is scheduled from March 8 onward.Britain's <a href="https://markets.businessinsider.com/index/ftse_100">FTSE 100</a> rose 1.2%, the <a href="https://markets.businessinsider.com/index/euro_stoxx_50">Euro Stoxx 50</a> rose 0.8%, and <a href="https://markets.businessinsider.com/index/dax">Germany's DAX</a> rose 1.06%.US vaccine manufacturing progress and Biden's comments that the US will have enough doses to inoculate all American adults in a couple of months helped boost Asian markets, after Tuesday's declines. China's <a href="https://markets.businessinsider.com/index/shanghai_composite">Shanghai Composite</a> rose 1.9%, Japan's <a href="https://markets.businessinsider.com/index/nikkei_225">Nikkei</a> rose 0.5%, and Hong Kong's <a href="https://markets.businessinsider.com/index/hang_seng">Hang Seng</a> rose 2.7%.Oil markets positioned for an expected reduction in production cuts by the OPEC+ exporter group on Thursday. <a href="https://markets.businessinsider.com/commodities/oil-price?type=brent">Brent Crude</a> rose 0.06% to $62.75 and <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate</a> rose 0.1% to $59.81.

You Searched For "PM Rishi Sunak" and got 13 results

Twinkle, Akshay pose with UK PM Rishi Sunak in London

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Rishi Sunak officially becomes UK PM after meeting King

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UK will be 'perceived as racist' if Rishi Sunak is not elected prime minister, prominent Tory donor claims

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Row over Braverman's reappointment as UK Home Secy

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Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III

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New UK PM Rishi Sunak married into almost $1 billion in tech money, has a net worth that rivals King Charles, and takes over a country struggling to afford heating

Mia Jankowicz,Yoonji Han

Rishi Sunak is worth almost $850 million, making him Britain's richest prime minister. Here's why that could be a big problem.

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Rishi Sunak's wife Akshata Murty earned $15.3 mn dividend income from Infosys in 2022

PTI

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Meet the first Indian first lady of UK - Akshata Murty

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Global stocks rise as bond yields ease, while UK investors focus on upcoming budget

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