Rishi Sunak was appointed chancellor during the 2020 reshuffle, following the resignation of Sajid Javid.
Within weeks, he faced the challenge of steering the UK economy through the coronavirus pandemic and national lockdown.
Under his guidance, the government has had to spend many billions of pounds to fight coronavirus and protect the economy.
Seen as rising star, and often touted as a future prime minister, was previously a successful businessman, co-founding a large investment firm.
Mr Sunak is married to Akshata Murthy, daughter of an Indian billionaire. The couple lived in California for a number of years before coming back to the UK.