Indian-origin Chancellor of the Exchequer Rishi Sunak to present UK Budget on March 11

New Indian-origin Chancellor of the Exchequer Rishi Sunak is set to get off to a flying start as he helms the UK government in presenting the Budget on March 11 as previously announced.

UK Prime Minister Boris Johnson and Sunak will meet for detailed budget talks for the first time on Wednesday.
UK Prime Minister Boris Johnson and Sunak will meet for detailed budget talks for the first time on Wednesday. Photo courtesy: Twitter/@RishiSunak

The announcement quashed speculation that the Budget could be delayed after Sunak, the son-in-law of Infosys co-founder Narayana Murthy, replaced Pakistani-origin Sajid Javid as Chancellor on February 13.

Sunak tweeted that he would deliver the promises made to voters ahead of December's General Election won by the Conservative Party led by Prime Minister Boris Johnson.

"Cracking on with preparations for my first Budget on March 11. It will deliver on the promises we made to the British people levelling up and unleashing the country's potential," said Sunak. 

During the weekend, UK Transport Secretary Grant Shapps said Budget plans were "well advanced", but Sunak "may want time".

Javid's shock resignation followed rumours of tensions between him and the prime minister's senior adviser Dominic Cummings.

After Javid stepped down, No 10 announced there would now be a joint team of economic advisers for both the new chancellor and the prime minister.

Sunak was Chief Secretary to the Treasury before taking over from Javid. The MP for Richmond in Yorkshire since 2015, Sunak has fast risen up the Conservative Party ranks as a staunch Brexiteer who had backed Johnson's strategy to leave the European Union (EU).

UK Prime Minister Boris Johnson and Sunak will meet for detailed budget talks for the first time on Wednesday. 

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CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.

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