Liz Truss is set to be the next UK PM, but why is Rishi Sunak giving up?

The race for the most powerful pin code in Downing Street, London, is near. The final stop is coming to an end and it’s time to announce the winner. After 6 weeks of hectic tours, meetings, campaigns and debates, poll pundits have called for Liz Truss as the UK’s next prime minister, with Conservative Party members close to voting on Friday.

The result of the summer-long campaign pitting the foreign secretary against former chancellor Rishi Sunak will be announced on 5 September, before Prime Minister Boris Johnson formally submits his resignation to Queen Elizabeth II the next day. Postal and online voting by an estimated 200,000 Tory members began in early August and the truce has overwhelming support for Sunak in voting for members.

According to a YouGov poll, Liz had an early lead of 62% against Sage in the first round between July 20 – July 21, which increased to 69% from July 29 to August 2, and 66% by August 17. Interestingly, Rishi’s popularity fell from a high of 41% in Q3 of 2020 to 26% in Q1 of 2022. While Liz’s popularity graph was lower than Rishi’s, rising from 13% to 21% between the same time.

Why is Sunak seen losing the race to Liz Truss?

Rishi Sunak had thrown the hat to the position of prime minister hours after Boris stepped down, triggered by his resignation, a sign of a lack of confidence in his boss and adviser. His campaign video titled ‘Ready for Rishi’ earned him a first mover advantage with the support of four former Chief Whips. But soon they lost many others who dropped out – Sajid Javid, Nadim Zahavi and then, finally, Mordant. Several other MPs also switched sides. Liz, on the other hand, was the last to join the race, but became quicker and smarter with the days.

Even though his personal ratings increased after the resignation, the Tories always considered Sage a backstabber for Johnson to resign. His tax policies and performance in the Treasury were cited as a reason by 8%, while 7% cited a lack of trust and 5% saw him as out of touch in a YouGov poll.

According to an editorial in The Guardian, who masterminded the coup against Boris Johnson, he could not be crowned, “despite long being talked about as a potential future prime minister, Sunak made parallel excuses with the man. who helped bring Thatcher down but failed in his own inclination to the top post – before coining the famous political cliché: “He who wields a knife never wears a crown.”

Why Rishi Sunak’s popularity declined?

Early in the campaign, a video of Rishi Sunak admitting to taking money from underprivileged urban areas tarnished his reputation. In his remarks, claiming to have moved money to fund projects in the Kent commuter belt from “disadvantaged urban areas”, the UK government called on the UK government to ‘raise the level’ and spread funds beyond the south-east to the UK. The cut in the government’s rhetoric was considered.

According to the British media, Akshata has become the Achilles heel of the political craze. According to the Sunday Times Rich List, Akshata is reported to be wealthier than British Queen Elizabeth II with a net worth of £430 million. In fact, the Sunks are said to be Westminster’s first billionaire couple, enjoying perhaps the greatest fortune of any House of Commons family as Clive of India did not go down well for them.

The couple’s financial situation came under scrutiny last month after the Labor Party asked them to be more transparent about loans taken to fund their businesses. According to a report in The Guardian, Rishi was forced to divulge details about how he managed his family’s fortune, which is said to total £730m and has led to him regularly being the UK’s richest man. Known as MP. His fortune derives from his marriage to Akshata Murthy, who holds a 0.93% stake in Infosys worth £690m.

The Independent newspaper claimed that Akshata, who is still an Indian citizen, has non-resident status in the UK and is not liable to pay taxes in the UK. It is reported that her non-domicile status allowed Akshata to save around £20 million in taxes on dividends from her shares in Infosys. It is believed to have received £12 million in dividends last year alone, raising its estimated value from around £430 million (39,66 million) to £690 million. 6364 crores).

The troubles ended there. Media reports said Sunx had retained his US green card after his return to the UK hit another nail on the coffin. Southampton-born Sunak met Murthy in 2006 while studying at Stanford, and the couple continued to live and work in the US after their marriage in 2009. The couple still own a £5 million penthouse in California, overlooking the Santa Monica beach where they vacation. Style.

While the UK allows dual citizenship, the optics were lossy. It was a shame for the Conservative Party to defend its chancellor. According to reports, Tory backbenchers, who were not concerned with Murthy’s tax situation, suggested that the green card raised issues regarding Sunak’s long-term plans. The red-faced Sunak admitted he had a green card for more than 18 months after becoming chancellor, but later relinquished that status in October 2021 after consulting on his first official visit to the US.

In a scathing editorial in The Mirror, the sage was dubbed the ‘fish sage’, accusing him of taxing the poor while his wife evaded taxes, stating, “The fish head And Downing Street smells of contempt. Fallen in the eyes of voters, Fish Rishi is a beach chancellor without credibility, struggling to survive and Rishi on resignation over the NOTAX scandal are considering.”

From being a ‘dish sage’ during the COVID pandemic, to a ‘fish sage’, voters complained that they could not empathize with the hardships they had to endure due to the highest level of inflation in 40 years and rising energy bills. Were were

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