Latest news with #TheRichmondProject
West Australian
5 days ago
- Business
- West Australian
Former UK Prime Minister Rishi Sunak returns to Goldman Sachs, says salary will go to charity
Former UK Prime Minister Rishi Sunak is set to rejoin Goldman Sachs as a senior adviser, the bank announced Tuesday, a year after his Conservative Party suffered a major election loss. 'I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior advisor,' David Solomon, chairman and CEO of Goldman Sachs, said in a statement. 'In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape,' he added. Mr Sunak's pay from Goldman Sachs is set to be donated to his charity, The Richmond Project, which aims to boost numeracy skills. It will not be his first stint at the bank, where he interned and then worked as an analyst in the early 2000s. The former PM then worked elsewhere in the financial sector before becoming a member of parliament in 2015. Prior to becoming UK Prime Minister, Sunak held various senior political positions, including as the country's finance minister, or chancellor. Today, Sunak is still a member of parliament in the UK despite stepping down as Conservative Party leader after its 2024 election loss. The result was seen as devastating for the Conservatives, with their number of seats shrinking sharply after 14 years in power. Documents show that he initially asked for approval to join Goldman Sachs in May, but the governmental appointments watchdog Acoba said he must wait a year from his last day in a ministerial role to assume the position with the bank. The watchdog pointed out that there were various risks associated with the role, including that he could advise on topics that had 'overlap' with his governmental responsibilities and that his 'appointment could be seen to offer unfair access and influence within the UK government.' Mr Sunak's scope in his new role is therefore restricted for another year, with Acoba limiting it to 'providing advice on strategy, macroeconomic and geopolitical matters that do not conflict with your time as Prime Minister.'
BBC News
6 days ago
- Business
- BBC News
Rishi Sunak takes job at Goldman Sachs
Former Prime Minister Rishi Sunak has joined Goldman Sachs as a senior who resigned as PM in July 2024, will work part-time advising the bank's clients with his "unique perspectives and insights" on global politics and the economy, the company remains the Conservative MP for Richmond and Northallerton in previously worked at the bank as an analyst in the early 2000s before he entered politics. Godman Sachs' chairman and chief executive David Solomon said he was "excited to welcome Rishi back" to the advising clients, Sunak will also "spend time with our people around the world, contributing to our culture of ongoing learning and development", Solomon salary will be donated to The Richmond Project, a charity he founded earlier this year alongside his wife Akshata Murty to try and improve numeracy across the Advisory Committee on Business Appointments (Acoba), which must sign off jobs taken by former ministers for two years after they leave office, said Sunak's new role presented a number of risks that Goldman Sachs could benefit from unfair access to information due to his time prime will not be allowed to advise other governments or their sovereign wealth funds for the bank, or advise clients that he had direct dealings with while he was prime also cannot lobby the UK government on behalf of the noted that Sunak previously spent 14 years working in the financial services sector before he became an MP, including at Goldman first joined the bank as an intern in 2000, before working as an analyst from 2001 to later co-founded an international investment elected as an MP in 2015, Sunak served as Boris Johnson's chancellor during the Covid became a household name when announcing schemes such as furlough at pandemic-era press resignation as chancellor in July 2022 sparked the downfall of Johnson's Liz Truss' brief spell in Number 10, Sunak became prime minister in October 2022. He held the role until July 2024, when he led the Conservatives to their biggest electoral defeat in job at Goldman Sachs is the latest role Sunak has taken since stepping down as prime January he joined the Blavatnik School of Government at the University of Oxford, as well as the Hoover Institution at Stanford University in the US. He is not paid for either of these has however been paid more than £500,000 since April for giving three speaking prime ministers often join speakers agencies to give talks to major companies or at dinner events.
The Independent
01-03-2025
- Politics
- The Independent
Sunak and wife Murty unveil new charity focused on tackling numeracy problems
Former prime minister Rishi Sunak and his wife Akshata Murty have unveiled a new charity dedicated to improving numeracy across the UK. The venture, which has been named The Richmond Project after the area of North Yorkshire where they live and which Mr Sunak represents as an MP, will support creative ways of tackling numeracy problems. It aims to help children struggling at school, families lacking in number confidence and adults who never mastered basic maths. Since leaving Number 10 after the election in July, the MP for Richmond and Northallerton has become an ambassador for Prostate Cancer Research and accepted visiting academic posts at Oxford and Stanford. Meanwhile, Ms Murty has been a headline speaker at India's leading literary festival alongside her mother Sudha Murty. Mr Sunak said: 'Akshata and I are passionate about the importance of education – particularly numeracy, and the culture around it. 'If we can change the way people think about and approach numbers, we can build confidence and transform lives. 'We're calling it The Richmond Project – named after the place where we live and the constituency I am proud to represent. 'It'll be a UK-wide charity which will focus on breaking down some of the barriers that exist in families around numeracy – whether you're at primary school, secondary or indeed as an adult.' In 2023, while Mr Sunak was still in office, Ms Murty launched her Lessons At Ten programme in which thousands of children came to Downing Street on Friday mornings for lessons on a range of subjects, including numeracy and maths. Writing in The Times on Saturday, Ms Murty said: 'Since leaving No 10 Rishi and I have talked about what really matters to us now, and why. 'We've been fortunate in many ways, so what can we do to give back: to continue our commitment to public service. 'We've asked ourselves some fundamental questions – what drives us, what will make a real difference, and ultimately what will change lives? 'All our conversations have led us back to our passion – education. We did our research and concluded that within the sphere of education, numeracy stands out and would benefit from further attention. 'Great work is already being done, and we want to add to that. 'So, we've decided to set up The Richmond Project. The mission: To transform lives, by numbers. 'Building confidence with numbers changes lives. 'The Richmond Project will identify and support innovative solutions that drive social mobility by helping families break down barriers to numeracy. 'From starting school, through teenage years and into adulthood, if you find numbers a struggle, you'll find day to day living a struggle. 'Lack of understanding leads to fear and fear creates a vicious cycle that's hard to break. 'It can start young and blight your entire education, leading to limited job prospects and long-term social and financial consequences.' The project will champion a range of numeracy-related innovations. Its work is expected to include original research and financial, organisational and delivery support for specialist organisations. The charity's trustees are Mr Sunak, Ms Murty and Eleanor Shawcross, a former director of the No 10 Policy Unit.
Yahoo
01-03-2025
- Politics
- Yahoo
Sunak and wife Murty unveil new charity focused on tackling numeracy problems
Former prime minister Rishi Sunak and his wife Akshata Murty have unveiled a new charity dedicated to improving numeracy across the UK. The venture, which has been named The Richmond Project after the area of North Yorkshire where they live and which Mr Sunak represents as an MP, will support creative ways of tackling numeracy problems. It aims to help children struggling at school, families lacking in number confidence and adults who never mastered basic maths. Since leaving Number 10 after the election in July, the MP for Richmond and Northallerton has become an ambassador for Prostate Cancer Research and accepted visiting academic posts at Oxford and Stanford. Meanwhile, Ms Murty has been a headline speaker at India's leading literary festival alongside her mother Sudha Murty. Mr Sunak said: 'Akshata and I are passionate about the importance of education – particularly numeracy, and the culture around it. 'If we can change the way people think about and approach numbers, we can build confidence and transform lives. 'We're calling it The Richmond Project – named after the place where we live and the constituency I am proud to represent. 'It'll be a UK-wide charity which will focus on breaking down some of the barriers that exist in families around numeracy – whether you're at primary school, secondary or indeed as an adult.' In 2023, while Mr Sunak was still in office, Ms Murty launched her Lessons At Ten programme in which thousands of children came to Downing Street on Friday mornings for lessons on a range of subjects, including numeracy and maths. Writing in The Times on Saturday, Ms Murty said: 'Since leaving No 10 Rishi and I have talked about what really matters to us now, and why. 'We've been fortunate in many ways, so what can we do to give back: to continue our commitment to public service. 'We've asked ourselves some fundamental questions – what drives us, what will make a real difference, and ultimately what will change lives? 'All our conversations have led us back to our passion – education. We did our research and concluded that within the sphere of education, numeracy stands out and would benefit from further attention. 'Great work is already being done, and we want to add to that. 'So, we've decided to set up The Richmond Project. The mission: To transform lives, by numbers. 'Building confidence with numbers changes lives. 'The Richmond Project will identify and support innovative solutions that drive social mobility by helping families break down barriers to numeracy. 'From starting school, through teenage years and into adulthood, if you find numbers a struggle, you'll find day to day living a struggle. 'Lack of understanding leads to fear and fear creates a vicious cycle that's hard to break. 'It can start young and blight your entire education, leading to limited job prospects and long-term social and financial consequences.' The project will champion a range of numeracy-related innovations. Its work is expected to include original research and financial, organisational and delivery support for specialist organisations. The charity's trustees are Mr Sunak, Ms Murty and Eleanor Shawcross, a former director of the No 10 Policy Unit.
