UK Prime Minister Rishi Sunak – Artifex.News https://artifex.news Stay Connected. Stay Informed. Mon, 20 May 2024 05:05:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://artifex.news/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png UK Prime Minister Rishi Sunak – Artifex.News https://artifex.news 32 32 U.K. PM Rishi Sunak faces revolt over plans to scrap Graduate Route visa: Report https://artifex.news/article68195435-ece/ Mon, 20 May 2024 05:05:13 +0000 https://artifex.news/article68195435-ece/ Read More “U.K. PM Rishi Sunak faces revolt over plans to scrap Graduate Route visa: Report” »

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Britain’s Prime Minister Rishi Sunak.
| Photo Credit: Reuters

“Prime Minister Rishi Sunak is considering restrictions to the U.K.’s post-study visa which allows graduates to stay on and work for up to two years after their degree course as part of efforts to curb soaring legal migration figures despite strong opposition from some of his Ministers,” a report claimed on May 19.

According to ‘The Observer’ newspaper, Mr. Sunak is facing a Cabinet revolt over plans to scrap the Graduate Route scheme, the definitive factor for choosing U.K. universities among Indian students who have topped the tally of these post-study visas since it was launched in 2021.

Downing Street is said to be considering “further restricting or even ending” the route despite the independent Migration Advisory Committee (MAC) declaring it was not being abused and that it should continue as it helps U.K. universities make up for financial losses on the domestic front.

“Sunak is now finding himself caught between the demands of right-wingers with one eye on the Tory leadership and Conservative moderates who fear the consequences of a lurch to the right on the party’s reputation and election chances,” claims the newspaper, quoting sources close to Ministers who oppose scrapping the visa.

Mr. Sunak’s Education Secretary, Gillian Keegan, Chancellor Jeremy Hunt and Foreign Secretary David Cameron are among those in the Cabinet said to be leading a revolt over the issue. It comes as university and business chiefs have warned that any curtailment of the post-study offer would make the U.K. less attractive to overseas students, including Indians.

“Studying at university is one of our biggest export successes. Attracting international students boosts local economies and losing competitiveness would put support for undergraduate teaching and innovation at risk,” said John Foster, Chief Policy and Campaigns Officer for the Confederation of British Industry (CBI).

“With the MAC finding that the Graduate Visa is achieving the government’s own policy objectives and is not being abused, it’s time to put its future beyond doubt and end this period of damaging speculation,” he said.

Universities UK (UUK), the leading representative body for UK universities, has also called upon the government to end the “toxic” uncertainty caused by the government’s decision to review the visa route.

“We hope and expect that the government now listens to the advice they have been given and provides categorical reassurance that the Graduate visa is here to stay,” said UUK chief executive Vivienne Stern.

MAC Chair Professor Brian Bell, who concluded the rapid review into the scheme earlier this week, has said that “our evidence suggests that it’s the Indian students that will be most affected by any restriction on the Graduate Route”.

The influential committee which advises the U.K. government on migration found that Indians accounted for 89,200 visas between 2021 and 2023 or 42% of the overall grants, and the visa was stated as the “overwhelming decision point” for their choice of a higher education destination.

“The uncertainty caused by the review has been chaotic. We urge the government to accept the MAC’s findings and ensure the Graduate Route remains a stable and permanent fixture in the U.K.’s immigration system,” said Vignesh Karthik from the National Indian Students and Alumni Union (NISAU) UK.

In a general election year, expected in the coming months, the Sunak-led government sees curbing high legal and illegal migration figures as a priority area and with the latest set of quarterly immigration statistics due next week, further clampdowns are on the horizon.



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UK PM Rishi Sunak, Wife Akshata Murty Richer Than King Charles, New List Shows https://artifex.news/uk-pm-rishi-sunak-wife-akshata-murty-richer-than-king-charles-new-list-shows-5696606/ Sun, 19 May 2024 06:41:04 +0000 https://artifex.news/uk-pm-rishi-sunak-wife-akshata-murty-richer-than-king-charles-new-list-shows-5696606/ Read More “UK PM Rishi Sunak, Wife Akshata Murty Richer Than King Charles, New List Shows” »

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While Rishi Sunak has occupied 245th place on the list, King Charles holds 258th rank,

UK Prime Minister Rishi Sunak and his wife Akshata Murty’s personal wealth overtook that of King Charles, reported the latest Sunday Times Rich List.

The Sunday Times Rich List compiles the top 1,000 wealthiest individuals or families residing in the United Kingdom, ordered by their net wealth.

As per this index, the couple’s personal fortune has increased by more than £120 million over the past year. Overtaking the UK’s monarch King Charles, their wealth witnessed a jump from last year’s £529 million to £651 million in 2024.

While Sunak has occupied 245th place on the list, King Charles holds 258th rank, after his wealth grew from £600 million to £610 million in the same period.

As per a report in the Mirror, the couple’s fortune is driven largely by Akshata Murty’s stake in Infosys, founded by her father, Narayana Murthy. It is worth noting that they are the wealthiest residents of 10 Downing Street in history. 

According to the BBC, the Sunaks’ wealth also ranked higher than that of the late Queen in 2022. This was after Elizabeth II’s personal fortune was evaluated at £370 million.

However, the report added that estimating the personal fortunes of monarchs is tricky. It must be noted that the wider wealth of the monarchy, which includes various estates and palaces, has been estimated at dozens of billions of pounds. 

With this, the UK Prime Minister also became the first front-line politician to feature on the Sunday Times’ annual wealth list in its 35-year history. This includes Sunak appearing on the list as chancellor in the 2022 edition when the family’s wealth was estimated at £730 million.

Sky News noted that the combined wealth of the list’s 350 wealthiest people amounts to over £795 billion, which is larger than the gross domestic product (GDP) of Poland.

Meanwhile, the Chairperson of the Hinduja Group Gopichand Hinduja topped the list again in 2024, with his fortune touching £37.196 billion. Last year also, Mr Hinduja occupied first place on the list.

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