Banking to politics – vote for a local vampire squid

If Rishi Sunak prevails in the race to be the UK’s prime minister, then Goldman Sachs will still have one alumnus as head of a leading European economy, even if Mario Draghi steps down from leading Italy.

UK prime ministerial hopeful Rishi Sunak doesn’t stress his years as a junior banker at Goldman Sachs when he pitches for votes. Sunak’s political enemies work hard to portray him as an out-of-touch elitist, a campaign that was helped by leaks earlier this year about his wife’s non-domestic tax status in the UK and media articles stressing the enormous wealth generated by her stake in Infosys.

Sunak arguably did well to emerge as one of the two final candidates to succeed prime minister Boris Johnson after this onslaught and will now campaign for the votes of Conservative party members on a platform of competence, not opulence.

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