Top Tory Eurosceptic MP Jacob Rees-Mogg has defended his City firm for setting up an investment fund in Ireland after it emerged that its clients were warned about the risks of a “hard” Brexit.
Somerset Capital Management, the MP’s London-based firm, has launched a new investment vehicle in Dublin.
The news is potentially embarrassing because Mr Rees-Mogg has suggested that a hard Brexit, when the UK would walk away next year without an exit deal or trade arrangement, should not be ruled out.
Isn’t he showing how easily it can all be dealt with? How easy it is to gain passporting and thus continue to sell to Europeans?