British Prime Minister Boris Johnson has appointed Rishi Sunak as his new finance minister, the government said in a statement on Thursday, reports Reuters.
Sunak, 39, who previously served as Chief Secretary to the Treasury, the second in command to the finance minister, succeeds Sajid Javid who has resigned.
Five years ago Britain’s new finance minister Rishi Sunak wasn’t even a member of parliament, now he is running the world’s fifth largest economy.
“Delighted to be appointed,” Sunak said. “Lots to get on with.”
Sunak, seen as a rising star in the ruling Conservative Party since he entered parliament in 2015, had been tipped for promotion to a senior post in the ministerial rejig as Johnson put together his post-Brexit cabinet.
But, despite an already rapid ascent through the ranks of government, few expected the Oxford University Politics, Philosophy and Economics graduate to ascend to one of the highest offices in the land.
Sunak had been serving as Javid’s deputy in the finance ministry since Johnson promoted him upon taking office in July 2019. Prior to that he had served as a junior housing minister.
“From working in my mum’s tiny chemist shop to my experience building large businesses, I have seen first-hand how politicians should support free enterprise and innovation to ensure our future prosperity,” Sunak says on his website.