Jacob Rees-Mogg

[emmie]

says don't get stuck with May, but no one wants to take her on, lily livered
lot.

https://www.bbc.co.uk/news/uk-politics-46269757

[jim360]

Funnily enough there was a Guardian article about that. New Labour were probably a little more to the left than people give them credit for (and, anyway, the Tories seem to have swung very right lately).

[Ellipsis]

Can somebody who knows about these things please confirm or quash ... will JRM make a mint from Brexit for reasons like the following?

https://www.theguardian.com/commentisfree/2018/jul/24/no-deal-brexit-poorer-jacob-rees-mogg-dividend
Rees-Mogg’s hedge fund, Somerset Capital Management, is managed via subsidiaries in the tax havens of the Cayman Islands and Singapore. He has defended the use of such tax havens, saying “I do not believe people have any obligation to pay more tax than the law requires.” And the laws that look set to stand in the way are planned new EU regulations aimed at governing the behaviour of companies such as his own.

https://www.rt.com/uk/418116-brexit-rees-mogg-money/
When Britain exits the single market and Customs Union, Rees-Mogg will be in line for a huge personal windfall through Somerset Capital. That is because moves to create barriers to trade with the EU would force British companies to strike up deals elsewhere, directly profiting companies backing the emerging markets.

[DTCwordfan]

I wonder what he holds in Gibraltar...?

[cassa333]

Well the guardian being a paragon of Impartialality is not over egging it at all are they?

[Kromovaracun]

Can you demonstrate how the guardian has exaggerated that information, cassa?

[Ellipsis]

The information is impartial, how it's interpreted and added to what else is known about JRM is not ... which is why I asked the simple question "Will JRM make [money] from Brexit?"

[Khandro]

Ellipsis; //"Will JRM make [money] from Brexit?"//

Everyone will make money from Brexit! - billions will be saved for the British taxpayers, why do you think they are so mad that the Brits are (trying) to leave. Fortunately for them they have a conspirator helping to thwart the move, in the shape of, 'Treason May'

[Old_Geezer]

If one has the foresight to make money whilst doing the right thing for their nation, then bully for them.
(I'll check the links later.)

[Jackdaw33]

I see nothing wrong with JRM becoming PM. We haven't had a patrician in the role since the days of Macmillan and Home.

[jim360]

Ah, Khandro, you sweet Summer child. If the economy either contracts, or growth is suppressed, then the savings from quitting the EU vanish rather quickly.

Also, it's easy to see why Moggo shouldn't be PM. He can't even unite his cabal in the ERG -- how can he unite the Tories, and the country for that matter?

[gulliver1]

" Everyone will make money from Brexit "...... ???.

[Khandro]

jim; // If the economy either contracts, or growth is suppressed, then the savings from quitting the EU vanish rather quickly.//

["Summer child!" would that I was, I shall hit four score on Friday!]

You've been listening to project fear and the CBI no doubt. The CBI have been wrong on every issue for the last half century, if previous governments had taken heed of them, Britain would be now locked into the failing Euro.

[gulliver1]

Khandro, how will you personally make money from Brexit?

[Khandro]

May Iremind younger readers of the CBI's long and distinguished history of making bad political calls:

In the 1930s it supported appeasement.
In the 1940s it supported nationalisation.
In the 1950s it supported state planning.
In the 1960s it supported tripartite industrial relations.
In the 1970s it supported price controls.
In the 1980s it opposed getting tough with the USSR.
In the 1990s it supported the ERM.
In the 2000s it supported joining the Euro.
In the 2010s it supported Remain…

… and now it has declared its support for May’s draft withdrawal agreement.

Not exactly a laudable record jim

[jim360]

Not just the CBI, though, is it?

[Togo]

Ahh the Guardian. Set up with a trust fund that they have subsequently squandered and now reduced to begging for donations online. Just the peevish, resentful, envious sort of clique that we need passing judgement on people represent the opposite of their own failed largesse.

[Togo]

"who represent"

[vulcan42]

I love the fact that the headquarters of the Confederation of British Industry (CBI) is in Washington DC United States.

[Kromovaracun]

Is it not even slightly suspicious that JRM champions a policy which benefits him financially?

[jim360]

I mean, it *should* be, if that's the case, given that the latest tactic of Brexit fans on this site was to accuse me of being paid by the EU :/