Adar Poonawalla cheers for Rishi Sunak in UK prime minister campaign

‘Rishi Sunak has impressed me most,’ said Adar Poonawalla.

Edited By Sounak Mukhopadhyay
Updated21 Jul 2022, 02:51 PM IST
Adar Poonawalla, Chief Executive Officer of the Serum Institute of India
Adar Poonawalla, Chief Executive Officer of the Serum Institute of India (Reuters)

Rishi Sunak has impressed Adar Poonawalla the most for his honesty and clarity on economic policy, the billionaire businessman has said. According to Poonawalla, Sunak gives much confidence to companies like the Serum Institute of India (SII) that see the UK as a global business hub. Poonawalla ended the Twitter post with #Ready4Rishi.

Sunak claimed he was the only candidate capable of winning the general election, which is scheduled for the next 18 months, as part of his initial effort to win over grassroots supporters. However, polls indicate that party members favour the more right-wing Liz Truss, so he faces an uphill battle.

"We've got a really positive message to take out to all our members now -- crucially, who is the best person to beat Keir Starmer and the Labour Party at the next election?" he wrote in the Daily Telegraph. "I believe I'm the only candidate who can do that."

As the two began their six-week campaign, Truss, one of the front-runners to become the next UK prime minister, criticised Rishi Sunak for his tax practices as finance minister.

The foreign minister wrote in the Daily Mail that "we have been going in the wrong direction on tax, with the tax burden at its highest in 70 years".

She pledged to stop the green tax on energy bills and reverse recent increases. As the UK fights to repair its public finances following the coronavirus pandemic and amid spiralling inflation, Sunak oversaw the tax increases and has accused those proposing reduction of "fantasy economics".

After the final round of voting among Conservative MPs on July 20, the two made it to the final run-off to try to win over almost 200,000 party members. The final outcome is expected by September 5.

The fight has already turned personal during televised debates, but Sunak seemingly called for a truce on Thursday, writing that "I like and respect" Truss.

The pair will lobby members face-to-face for the first time on Thursday, before a dozen hustings across the country over the next few weeks.

(With agency inputs)

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:21 Jul 2022, 02:51 PM IST
Business NewsNewsIndiaAdar Poonawalla cheers for Rishi Sunak in UK prime minister campaign

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Axis Bank share price

    1,181.30
    03:29 PM | 4 OCT 2024
    5.85 (0.5%)

    Tata Steel share price

    166.75
    03:56 PM | 4 OCT 2024
    -0.2 (-0.12%)

    Oil & Natural Gas Corporation share price

    295.20
    03:58 PM | 4 OCT 2024
    3.1 (1.06%)

    Tata Motors share price

    930.70
    03:56 PM | 4 OCT 2024
    4.7 (0.51%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Mahindra & Mahindra Financial share price

    301.65
    03:29 PM | 4 OCT 2024
    -20.5 (-6.36%)

    Kfin Technologies share price

    1,015.00
    03:29 PM | 4 OCT 2024
    -63.85 (-5.92%)

    Godrej Properties share price

    2,897.70
    03:57 PM | 4 OCT 2024
    -170.55 (-5.56%)

    Adani Energy Solutions share price

    963.45
    03:58 PM | 4 OCT 2024
    -52.75 (-5.19%)
    More from Top Losers

    VIP Industries share price

    563.85
    03:57 PM | 4 OCT 2024
    40.8 (7.8%)

    Oil India share price

    572.25
    03:59 PM | 4 OCT 2024
    33.4 (6.2%)

    JK Paper share price

    489.95
    03:43 PM | 4 OCT 2024
    27.1 (5.86%)

    Home First Finance Company India share price

    1,245.35
    03:40 PM | 4 OCT 2024
    63.15 (5.34%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,685.000.00
      Chennai
      77,691.000.00
      Delhi
      77,843.000.00
      Kolkata
      77,695.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts