Former UK Prime Minister Rishi Sunak returns to Goldman Sachs
CNBC2 days
Sunak Returns to Goldman Sachs as Senior Adviser
Above: Rishi Sunak in 2020. Image copyright: Wikimedia Commons
The Spin
Narrative A
Sunak's return to Goldman Sachs epitomizes the revolving door between Westminster and Wall Street. Though regulated by cooling-off periods and restrictions, former prime ministers possess irreplaceable institutional knowledge and networks. When public servants who shaped financial policy immediately monetize that privileged access, it corrodes democratic legitimacy and transforms governance into a stepping-stone rather than public service.
Narrative B
Sunak's return to Goldman Sachs epitomizes a symbiotic business venture. For the former prime minister, it's a lucrative homecoming that preserves his parliamentary seat while monetizing his geopolitical expertise. For Goldman, it's a strategic coup — acquiring unparalleled access to government networks, international relationships, and insider knowledge that transforms client advisory services into premium offerings backed by Downing Street credentials.
Metaculus Prediction
There is a 16% chance that the U.K. will achieve an average annual GDP growth rate of 2.5% over the current parliamentary term, according to the Metaculus prediction community.