Former UK finance minister Rishi Sunak bids to replace Boris Johnson
July 9, 2022, 8:39 am

Former UK finance minister Rishi Sunak bids to replace Boris Johnson

Messages released previously show David Cameron had repeatedly contacted Rishi Sunak (above) and other Treasury ministers to seek full access to government Covid loan schemes for Greensill Capital.

The Arabnews reported, citing Reuters, former British finance minister Rishi Sunak said on Friday (July 8) that he was running to replace Boris Johnson after Johnson announced the previous day that he would stand down as prime minister.

Sunak said in a campaign video released on Twitter: “Someone has to grip this moment and make the right decisions. That’s why I’m standing to be the next leader of the Conservative Party and your prime minister.”

Sunak quit as finance minister on Tuesday, one of two unexpected resignations that set in motion a chain of events that led to Johnson’s decision to step down.

The rules and timetable for the contest to replace Johnson are due to be set out next week by a party committee.

Sunak said in his resignation letter it had become clear that his approach to the economy had been too different to Johnson’s, as the two had tried to agree on the next steps for the country.

I’m standing to be the next leader of the Conservative Party and your Prime Minister.

Let’s restore trust, rebuild the economy and reunite the country. #Ready4Rishi

Sign up 👉 https://t.co/KKucZTV7N1 pic.twitter.com/LldqjLRSgF
— Ready For Rishi (@RishiSunak) July 8, 2022

He said: “The decisions we make today will decide whether the next generation of British people will also have the chance of a better future.”

“Do we confront this moment with honesty, seriousness and determination? Or do we tell ourselves comforting fairy tales that might make us feel better in the moment, but will leave our children worse off tomorrow?“

Boris Johnson and Rishi Sunak reject calls to resign after being fined by police over lockdown parties

Rishi Sunak (born 12 May 1980) is a British politician who served as Chancellor of the Exchequer from 2020 to 2022, having previously served as Chief Secretary to the Treasury from 2019 to 2020.

As a member of the Conservative Party, Sunak has been Member of Parliament (MP) for Richmond (Yorks) since 2015.

Boris Johnson holds Cabinet meeting after resigning as UK premier

In April 2022, he became the first Chancellor in British history to have been sanctioned for breaking the law while in office after being issued a fixed penalty notice for breaching COVID-19 regulations during lockdowns.

He resigned as Chancellor on 5 July 2022, citing the differences between himself and Boris Johnson in his resignation letter.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”