Prime minister Rishi Sunak – reportedly the richest MP in Parliament – will be a boon for the financial lobby, tax justice campaigners have warned.
The man trounced by Liz Truss just weeks ago has been confirmed as her replacement with the exit of Penny Mordaunt from the Tory leadership contest. But experts say Sunak has not been transparent with his finances and that his hedge fund background raises questions about his commitment to fighting tax avoidance.
His profile has risen sharply since he became chancellor in early 2020, just weeks before the first lockdown began. But critics say a slick public marketing campaign has disguised a man with an ultra-privileged background, who is a committed Thatcherite ideologue.
