Why Rishi Sunak Lost the UK Elections: EXPLAINED
WRITTEN BY Saumya Jaiswar
Rishi Sunak lost to Liz Truss
Liz Truss is now to be elected prime minister of the United Kingdom. By more than 20,000 votes, Liz Truss defeated Rishi Sunak of Indian origin.
Third Woman Prime Minister
Liz Truss has been announced as the next Conservative Party leader and will become the UK’s next PM. She will be the UK’s third female prime minister following Margaret Thatcher and Theresa May.
Reasons why Tax laundering
Rishi was compelled to provide information regarding the management of his family's wealth, which is estimated to be worth $840 million and has earned him the title of the UK's richest MP.
Sunak's Tax Cuts
One of the biggest policy decisions in Truss' favour was Sunak's opposition to not cutting taxes but Truss believed tax cuts will lead to extra spending and tax revenues, which improves economy.
The Economic Times
Controversy on Green Card
As soon as it was reported that Sunaks had kept their US green cards even after returning to Britain, the matter immediately escalated.
Lavish and Luxurious Lifestyle
Sunak spend more than $4,80,000 (£400,000) on a pool at his North Yorkshire home as UK citizens prepared for another heatwave and an increase in the cost of living.
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