Why Rishi Sunak lost to Lij Truss? What will be its effect on India?

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London: Britain has got a new Prime Minister on Monday. Liz Truss has been elected as the new Prime Minister of Britain. He defeated Rishi Sunak of Indian origin by about 21 thousand votes. Liz will replace Boris Johnson. The official transfer of power and the swearing-in ceremony of Britain’s new prime minister will take place at Balmoral on Tuesday in the presence of Queen Elizabeth II. Rishi Sunak’s defeat is being discussed more on social media than Liz Truss’s victory in the British Prime Minister’s election.

Rishi Sunak was leading from the beginning in campaigning and elections. Liz Truss presented her claim much later. Gradually, Truss overtook Sunak in most debates and surveys. She did not appear weak anywhere during the entire election process.

Sunak was the first to stake claim to the post of Prime Minister after the resignation of Boris Johnson. He made headway with the ‘Ready for Rishi’ campaign. After this Sajid Javid, Nadeem Zawahiri, and finally Mordent were out of the race. Truss was the last in the race and with the passage of time went ahead.

Let us know five reasons for Rishi Sunak’s defeat in the British PM’s race…

  1. Tax Laundering
    One of the biggest thorns in Rishi Sunak’s election campaign was unfortunately his wife Akshata Murthy. Akshata is the daughter of Indian billionaire and Infosys founder NR Narayana Murthy. According to a report in ‘The Guardian’, Rishi was forced to give details about how he managed his family’s future. According to the report, Rishi Sunak’s net worth is $840 million. Because of this, he is regularly referred to as the UK’s richest parliamentarian. Sunak got most of the property after his marriage to Akshata. This includes a 0.93 percent stake in Infosys for $794 million.

According to the ‘Sunday Times’, Sunak’s wife Akshata has a net worth of $ 495 million compared to British Queen Elizabeth II. That is, she is richer than the queen. In addition, Akshata was able to save millions of pounds in taxes on dividends, which were collected from her family’s IT business. After the issue turned into a major controversy, Akshata agreed to pay higher taxes on foreign income. However, by then the damage was done.

‘The Independent wrote- Akshata just tell why she has not taken British citizenship till now? She operates a business from here, but by taking illegitimate advantage of non-domicile status, she avoids paying taxes. Due to this, Britain loses 2 million pounds every year.

  1. Sunak’s tax cut
    Sunak’s opposition to not cutting taxes was one of the biggest policy decisions to turn the vote in favor of Liz Truss. However, his counterpart Truss believes that the tax cut will lead to additional expenditure and tax revenue and save the economy. The populist measure of the truce’s immediate tax cuts certainly increased his popularity among the conservative vote base. Realizing that the margins were increasing, Sunak and his team made a new announcement much later. Sunak said that if voted to power, he will reduce the basic rates of income tax by 20 percent by 2029. By then the damage that had to be done was already done.
  2. The coup of Boris Johnson
    The editorial of ‘The Independent said- ‘Sunak was the person who overthrew Boris Johnson in a way. That too when Johnson had carried forward Sunak’s political career. This angered the people. Actually, Sunak’s image in Britain is made up of Johnson’s throne grabber. It was Sunak who started the rebellion against Johnson by resigning. A few days ago, Boris Johnson also started a secret campaign against Sunak named ‘Back Anyone But Rishi’.
Rishi Sunak

4. Green Card Disputes
According to some reports, when Sunak returned to Britain from America, he did not surrender his green card there. From 2006 to 2009, he worked in America. He still has a luxurious penthouse of 5 million pounds in California. According to a report in ‘The Guardian’, Britons can have dual citizenship, but it was not considered good for a big leader like Sunak. The Conservative Party too could not defend its leader on the issue of dual citizenship. A report by Conservative Party MPs said – It is difficult for Sunak to defend his wife’s tax-related matters. Some people feel that they do not want to stay in Britain for very long.

Sunak himself was tensed by these allegations. Recently, he admitted that he had a US green card for 18 months after becoming chancellor. However, he claimed that he returned this status in October 2021.

5. Sunak’s Luxurious Lifestyle
In July, Sunak visited a construction site in Teesside, northern England, where he was seen wearing Prada suede loafers worth $595, The Guardian reports. Conservative Party leaders were visiting Teesside to garner the support of Mayor Ben Houchen. However, Sunak’s journey was more talked about than his shoes. This was not the first time that Sunak made headlines with his expensive hobby.

He was seen using a $220 coffee mug in the picture ahead of the traditional budget as the country’s chancellor in 2020. Sunak didn’t even learn from here, over $480,000 (£400,000) was spent on building a bridge in North Yorkshire. During this time, the people of Britain were worried about the heatwave and the increase in the cost of living.

What was the impact of Rishi Sunak’s defeat on India?
Rishi Sunak’s defeat is not going to have any effect on India-UK relations. Rishi Sunak is of Indian origin, but he is a completely British citizen. His priority is with Britain more than India. In such a situation, even if he had become the Prime Minister, he would have given importance to the interests of Britain.

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