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Rishi Sunak served as Chancellor of the Exchequer of the United Kingdom from his appointment on 13 February 2020 to his resignation on 5 July 2022, during the second ministry of Boris Johnson's premiership
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He was elevated as Prime Minister of the United Kingdom following the resignation of Liz Truss in October 2022, becoming the first Prime Minister since Gordon Brown to have previously served as chancellor
Sunak was promoted to chancellor as part of Johnson's first cabinet reshuffle on 13 February 2020, succeeding Sajid Javid, who had resigned that day after a meeting with Johnson
Sunak's time as chancellor was marked by the COVID-19 pandemic and its economic impact, which Sunak was prominent in the government's response to, doing several major financial schemes including the Coronavirus Job Retention, Eat Out to Help Out, and furlough schemes
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He was also part of the government's response to the Russian invasion of Ukraine and the cost of living crisis
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Sunak resigned as chancellor on 5 July 2022, and was the second of 61 Conservative MPs to resign during the government crisis
His resignation, along with the resignation of Javid as Secretary of State for Health and Social Care, ultimately led to Johnson's own resignation
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Sunak was succeeded as chancellor by Nadhim Zahawi
Sunak stood in the July-September 2022 Conservative Party leadership election to replace Johnson, and lost the members' vote to Truss
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After Truss's resignation amid a government crisis, Sunak was elected unopposed as Leader of the Conservative Party in the October 2022 Conservative Party leadership election
He was appointed Prime Minister by King Charles III, the first to be appointed during his reign, on 25 October 2022, becoming the first British Asian and first Hindu to hold the position.
Sunak's time as chancellor was marked by the COVID-19 pandemic and its economic impact, which Sunak was prominent in the government's response to, doing several major financial schemes including the Coronavirus Job Retention, Eat Out to Help Out, and furlough schemes. He was also part of the government's response to the Russian invasion of Ukraine and the cost of living crisis. Sunak resigned as chancellor on 5 July 2022, and was the second of 61 Conservative MPs to resign during the government crisis. His resignation, along with the resignation of Javid as Secretary of State for Health and Social Care, ultimately led to Johnson's own resignation. Sunak was succeeded as chancellor by Nadhim Zahawi. Sunak stood in the July-September 2022 Conservative Party leadership election to replace Johnson, and lost the members' vote to Truss. After Truss's resignation amid a government crisis, Sunak was elected unopposed as Leader of the Conservative Party in the October 2022 Conservative Party leadership election. He was appointed Prime Minister by King Charles III, the first to be appointed during his reign, on 25 October 2022, becoming the first British Asian and first Hindu to hold the position.