The rest of Britain might be fretting about the impact of a no-deal Brexit, but leading Brexiteer Jacob Rees-Mogg is doing very nicely, thanks.
An investigation by Channel 4’s Dispatches found that the Conservative MP could have earned up to £7,000,000 from Somerset Capital Managment, which invests in emerging markets such as China and Russsia.
Mr Rees-Mogg declares in his House of Commons Register of Interests that he is paid £500 an hour for his work at SCM and takes home around £15,000 a month on top of his MPs salary.SCM invests in emerging markets like China and Russia and one expert said that the fall in the value of the pound since the referendum result has helped SCM’s profits.
Dispatches also revealed how some hedge funds have built up huge bets against British business and hoping to make big profits if the economy hits the rocks after Brexit.
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