Rishi Sunak, the youngest UK prime minister in more than 200 years, is very comfortable taking extreme positions. The markets, however, are satisfied that, contra his two predecessors, he's neither fiscally nor morally incontinent.
from the Resolution Foundation. That's a big change from 2007, when the UK scored higher than all of those countries.Sunak worked at Goldman Sachs and a high-profile hedge fund before entering politics, but the reason he's worth somewhere north of $800 million is just that he married a gazillionaire.
In the U.S., John Kerry and John McCain got rich the same way. Both ran for president on a platform of fiscal conservatism., generally feel free to spend that money however they like. People who come into enormous wealth by inheritance or marriage, on the other hand, tend to be significantly more cautious when it comes to spending the kind of money that could result in a meaningful reduction in wealth.After the UK enacted emergency fiscal spending during the global financial crisis of 2008, the Conservative Party implemented an austerity regime. The implicit idea was that after spending too much, the country needed some years of spending too little.