26/12/2023
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Now some of you are off work, you might have time to read this
A re run from the summer
The double double standards of the son of migrants who hates migrants, but loves foreign money at the expense of British Interests.
Ready for Rishi, the story of Richy Sunackered, arch destroyer of Britain for personal gain, living in the land of the common people.
43 yr old Hindu Sunackered has only been an MP for 8 years, a member of Conservative Party for 13 years.
Sunak’s super-rich status earned him a reputation for being good at managing money. It has also led to accusations that he’s out of touch and incapable of relating to the financial difficulties facing a large portion of the British population.
Rishi Sunak is a former investment banker and hedge fund manager turned politician. Critics say he is too rich and out of touch with the electorate and, based on some documented past actions, argue that he is a poster child of inequality - the issue of income inequality and massive disparity of wealth.
Sunak’s career in finance, and his Indian wife’s stake in Infosys, made him extremely wealthy. According to The Sunday Times, the couple's combined fortune was £529 million as of May 2023. Their net worth dropped by about £201 million from £730 million in 2022 because of a decrease in the value of Infosys.
Sunak began working for the Conservative Party in 2010 and moved quickly up the ranks. In 2015, he was elected to represent Richmond, a safe seat town in Yorkshire,
Sunak’s reputation has been tarnished somewhat by his past actions. Among other things, he has been accused of being a traitor, greedy, unpatriotic, a tax evader, and flouting the law.
AS a hedgefunder he made his millions at the expense of failed companies and people's tragedies.
Tax Dodger
One of the most damaging revelations was that Sunak’s wife was using a loophole to avoid paying U.K. taxes on her global income. Murty, it was confirmed, got out of paying taxes on her international earnings by registering as a non-domiciled U.K. resident. That move reportedly saved her millions in tax liabilities and led to a public outcry.
Murty promised to pay taxes on a remittance basis but continues to hold her non-domiciled status. As such, she pays £30,000 per year, which shields her from British taxes on any earnings from her many overseas sources.
Rich Elitist
Sunak is extremely rich and known to flaunt his wealth by wearing expensive clothes, £3,000 suits, Prada Shoes and half mast trousers, plus a false charm offensive, helicopter trips for selfie opportunities. These observations have led some to question whether he is too out of touch with the average electorate.
Some of the past comments he made haven’t helped. In 2007, Sunak was filmed claiming he does not have working-class friends. He was also caught on camera talking about taking money destined for deprived urban areas and funnelling it into wealthier towns instead.
Unpatriotic
People who lead countries are generally supposed to present themselves as patriotic and happy to live there. Hindu Sunak, son of economic migrants (East African Asians), made the question public when it was revealed he held onto a Green Card for U.S. residency, practiced Hindu culture in Downing street with invited Hindu guests.
He also ensured a £500m grant to Tata the Indian owners of Jaguar Rover. He also seems more at home with trips to Delhi and Narendra Modi the PM of India. Technically he holds a British Passport born in Southampton. But where does his true allegiance lie? Under a proposed trade agreement with India Britain would accept thousands of young Indian males as migrants.
Indian-owned companies operating in the UK have hit a record high of 954 this year, registering a significant increase over the previous year, according to the 'India Meets Britain Tracker 2023'
If you care to investigate his many social media sites, you will see the many plaudits from SE Asia. Whether these are genuine Asian names, many using Hindi script or whether these are AI bots remains to be seen. However these plaudits vastly outnumber any British comment, many of which are also congratulatory.
Money, Money, Money £££
While Sunak and his wife have a combined worth of more than £700m, the PM made his own fortune while working in the City of London.
Few people outside the financial elite can imagine what being fabulously wealthy feels like. For Sunak, it means he can pay more for each of his children’s private school fees than the average Brit earns in a year.
The Sunaks together are said to be worth £730m. If they are getting even a 1% annual return on that, they’re earning over £7m a year, or £600,000 a month before tax. But super-rich people don’t live in the world of 1% returns, nor do they live in the world of paying tax at the rate the rest of us do. Sunak pays 22% on what he declares. The financial engineering associated with almost everything the Sunaks have touched – companies based in tax havens like Mauritius and the Cayman Islands – is designed to deliver spectacular unearned income in hidden trusts.
Sunackered holds his money in a blind trust/blind management agreement – which means he can refuse to publish how much he owns or what it is invested in. The same black box surrounds what Sunak actually did while working at Goldman Sachs, the hedge funds Theleme Partners and TCIF, and his family firm Catamaran Ventures UK until 2015.
So let’s understand what investment banks like Goldman Sachs do. They rip the heart out of communities, states, other businesses and the natural world. While they manage the money of the rich, half of all profits go to the bankers themselves. And by 2001, when young Rishi joined them fresh from Oxford, they had a sure-fire formula for making profits: pumping the housing market with loans that were certain to go bad, secure in the knowledge that the bank was too big to fail, and would be bailed out by the taxpayer and the Govt should things go wrong.
By the time they did go wrong, in 2007, however, Rishi was gone – to Stanford University to get an MBA degree. He emerged into the world of hedge funds – institutions even more opaque and unregulated than investment banks. The basic function of hedge funds is to make aggressive bets in volatile conditions – like putting your money on a horse at 10/1 odds in a rainstorm. So long as central banks are pumping money into the system, as they were obliged to after the 2008 crash, hedge funds are a machine redistributing wealth from risk-averse small investors to rich people.
Throughout his career, offshore tax havens have loomed large in Sunak’s world. Both TCI and Theleme Partners hedge funds were registered in the Cayman Islands; Goldman is a major user of them.
Sunak is, then, a living personification of modern finance capital. He has made money out of manipulating money; profited from the bankruptcy of others; ruthlessly exploited the leniency of regulators and the generosity of central banks.
Now he has his chance to eviscerate one more victim on behalf of finance capital: post-Brexit Britain, with its semi-bankrupt rail franchises, its crumbling estates, its hospital corridors turned into makeshift wards, its food banks overwhelmed by starving mums.
He will do it all with grace and affected charm. Because that’s how they operate, the Goldman kids: behind a slick smile, an urbane manner and a perfect suit. Sunak is simply following the logic of fiscal discipline, and why he cares so much about Profit rather than People.
Enriching the rich was, ultimately, what Brexit was all about. Remember the red coach ? Sunak and the Brexiteers once promised there would be £350m a week for the NHS. That’s £18bn a year. It never happened.
Bricks and Mortar
Rishi Sunak married Akshata Murty, the daughter of Indian billionaire businessman Narayan Murthy, in 2009. Together, the couple owns four homes spread across the UK and California, worth an estimated $18.3 million.
5 BHK home in Kensington, London
This main home for the couple was bought in 2010 for a whopping £4.5 million. Spread across four storeys, the five-bedroom mews house in Kensington, London, offers a private garden. It is estimated to be worth £7 million at present.
Apartment in Old Brompton Road, London
Sunak bought this first-floor pied-à-terre apartment in South Kensington’s Old Brompton Road in 2011 when he was an investment banker with Goldman Sachs. This house has been kept as a visiting place for family members. Sunak bought the property for about $300,000.
Santa Monica penthouse
A £5.5-million penthouse apartment on Ocean Avenue, the apartment offers sweeping views of the Santa Monica pier and the Pacific Ocean. This property, located in the sixth most expensive address in the US, was bought by Murthy in 2014. An “epitome of urban Santa Monica beach living”, the property boasts “large private outdoor terraces unlike anything ever seen before on Ocean Avenue”.
Manor house in North Yorkshire
This heritage-listed building is the largest property in Sunak’s collection. Sunak bought this 12-acre Georgian Manor house in the Yorkshire village of Kirby Sigston for £1.5 million in 2010. Once a vicarage, this 19th-century country home is reportedly undergoing a $450,00 facelift to include a swimming pool, a tennis court, a gym and a ballet barre.
The mid 20 year old millionaire marries into wealth.
While at Stanford, Sunak met his future wife Akshata Murty, the daughter of Indian billionaire N. R. Narayana Murthy of Infosys who still trades in Russia.
The vast majority of Mr Sunak’s family wealth comes from his wife, whom he married in 2009 aged 29.
Ms Murty’s father, NR Narayana Murthy, is the co-founder of Indian tech giant, Infosys, and her 0.9 per cent stake in the company is believed to be worth around £690m.
This allowed the couple to collect £11.6m in dividend income last year.
Her family also has a £900m joint venture with Amazon in India, while Ms Murty herself owns a UK-based venture capital company, and is a director or direct shareholder at five other UK companies.
The venture capital company is called Catamaran Ventures UK Ltd, and she uses it to store her private wealth.
Mr Sunak formerly owned shares in the company, but transferred them all over to his wife before becoming an MP.
While he was Chancellor, Rishi Sunak's salary was reported to be £151,649 - and he is believed to be the richest man in the House of Commons and the country.
Before entering politics, Sunak was a partner at two highly-profitable hedge funds and from 2001 to 2004 he was an analyst for the investment bank Goldman Sachs. According to The Times, Sunak was a multi-millionaire in his mid-twenties.
In 2019, Rishi Sunak was appointed chief secretary to the Treasury by former Chancellor Sajid Javid, at which point he registered a blind trust - which is said to contain a multi-million pound fortune.
Now he is Prime Minister, Sunak will be getting a pay rise. As of 2022, Prime Ministers are entitled to an annual salary of £164,080. Rishi Sunak has become one of the richest Prime Ministers in Britain's history, and he and his wife's fortune is double that of King Charles and Queen Consort Camilla’s estimated £300-350m wealth.
Pedigree: Sunak’s Grandfather trained Mau Mau terrorists in Kenya to kill British Soldiers in the 1950’s. He founded a Hindu extremist Temple in Southampton that Sunak still visits. The Grandfather was exiled 3 times from India for extremism.
https://www.independent.co.uk/.../rishi-sunak-net-worth...
https://www.goodto.com/family-news/rishi-sunak-net-worth
The Tory Plot thickens
In 2016 Sunak wrote a paper for the free-market thinktank the Centre for Policy Studies, advocating the use of freeports, in which he argued for the UK to establish a series of free-trade zones around the country where components can be imported, used to manufacture finished goods, which are then exported without incurring domestic duties.
Tellingly, the paper was full of references to what is now called “levelling up” and entitled The Free Ports Opportunity: how Brexit could boost trade, manufacturing and the north.
Conclusion
The PM that was imposed on the British Public.
Perhaps the Hindu Rishi Sunak should carefully read the 'Seven principles of Public Life' to make sure he is fulfilling the two principles of 'Honesty and Integrity in Leadership'." Ministers are required to declare interests that are "relevant" to their responsibilities and "which might be thought to give rise to a conflict" with their public duties. After all recently his wife invested heavily in BP shares, 3 weeks before BP and Shell were to be granted new drilling licences in the North Sea. A similar set of circumstances arose when his wife had shares in child minding shortly before Sunak announced new funding for child carers. Some call this illegal insider trading.
Sunak is a Hindu and identifies as British Indian, stating that he is "thoroughly British" but with an Indian religious and cultural heritage. He took his oath as an MP at the House of Commons on the Bhagavad Gita.
Sunak tries very hard to convince people he is one of them when he is like a square peg in a round hole. There are masses of photographs with people, mothers, children, all set up and phoney. He is what he has always been, like a vulture perched on a dead tree waiting to pick at a co**se. He is a Fossil Fool, a hypocrite many times over , anti environment, anti protest, anti people in distress. He is not fit to be Prime Minster of Britain, nor to be in public office, living in the land of the common people.
https://www.theneweuropean.co.uk/rishi-sunaks-career-in-exploitative-finance-makes-him-unfit-to-be-prime-minister/
https://housing.com/.../how-many-properties-does.../....
https://inews.co.uk/news/rishi-sunak-money-how-make-new-prime-minister-wife-family-net-worth-explained-1937212
https://www.investopedia.com/who-is-rishi-sunak-6822837
https://www.theguardian.com/politics/2020/mar/08/chancellor-rishi-sunak-the-bit-part-hedge-fund-partner-now-managing-the-whole-economy
Allan Sharpe - founder of this group.
Despite a low-key financial career the new chancellor is said to have risen in politics on merit
