A friend to entrepreneurs?After working for the international company, Sunak went down the entrepreneurial route and co-founded his own investment firm; his go-getting attitude inspired (perhaps) by his billionaire father-in-law’s self-made success as the co-founder of Indian IT services behemoth, Infosys. Considering his grounding in business education, and his own entrepreneurial story, perhaps Sunak will be a friend to the UK’s business owners on things like Entrepreneurs’ Relief and overhauling business rates? (*Javid had been under pressure to scrap or put some business tax cuts on hold in order to facilitate more public spending on regional infrastructure and investment.)
International vs EuropeanA committed Brexiter, Sunak campaigned for Leave in the EU referendum, with over half, (55%) of his constituency voting to exit Europe. He sees himself as an economic internationalist, believing that Brexit will provide the opportunity for British business to take on a more global trade outlook, free from what he sees as the political and economic confines of EU bureaucracy. Under his stewardship, SMEs involved in the European export economy could start thinking globally, and possibly achieve even better financial results by opening up their business to vast trade markets beyond the EU.
A ‘loyal’ MPWhile Sunak has showcased strong partisan views as an MP which is something that many are afraid to do, (the likes of May and Corbyn were always cautious about voicing their opinions on Brexit for fear of losing popularity), he nevertheless always maintained his loyalty to the party leadership, whoever was in charge. When Theresa May was PM, Sunak voted in support of her Brexit deal on three occasions. Under Johnson, he showed his support too via a series of media appearances with the new leader, according to the BBC. In July 2019, Johnson appointed Sunak to chief secretary to the Treasury. Prior to this, he was parliamentary under-secretary in the Ministry of Housing, Communities and Local Government. Ironically, Javid had also publically commended Sunak as a rising star in the Conservative party, praise that has now manifested in Sunak’s meteoric rise, and in Javid’s replacement.
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