Russia’s invasion of Ukraine has made members of the UK House of Lords tens of thousands of pounds richer through their investments in arms firms, openDemocracy has found.
Tory peers Lord Glendonbrook, Viscount Eccles and Lord Sassoon, and unaffiliated peers Lord Lupton and Lord Gadhia, each own shares of at least £50,000 in British weapons manufacturer BAE Systems, according to the official register of interests.
BAE Systems’ share price has risen by 23% since the war began nearly four weeks ago, meaning each peer’s investment is likely to be worth at least £11,500 more than it was.
