Jacob Rees-Mogg’s new job as minister for ‘Brexit opportunities’ could make him substantially richer through his shares in an $8bn investment fund, experts have warned.
Rees-Mogg is a major shareholder in Somerset Capital, which he founded, and stands to gain if its funds benefit from Brexit trade deals. The firm specialises in investment across ‘emerging markets’ and major economies, such as China.
The government insists Rees-Mogg will not make decisions “in respect of financial services”, though could not give a full description for his new brief.
