At last: Brexit dividend At last: Brexit dividend
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  1. #1

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    Default At last: Brexit dividend

    "Jacob Rees-Mogg set for £800,000 dividend from Somerset Capital Management

    Jacob Rees-Mogg, the leader of the Commons, is in line for a dividend payment of about £800,000 this year after the fund management firm that he founded weathered the emerging markets wobble.

    Somerset Capital Management reported profits for distribution of £14.9 million for the year to March, down from £19.5 million last time."

    Jacob Rees-Mogg set for GBP800,000 dividend from Somerset Capital Management | Business | The Times

    May have been larger dividend, but the Russian Ruble exchange rate dropped against the Sterling.


  2. #2

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    Quote Originally Posted by AtW View Post
    "Jacob Rees-Mogg set for £800,000 dividend from Somerset Capital Management

    Jacob Rees-Mogg, the leader of the Commons, is in line for a dividend payment of about £800,000 this year after the fund management firm that he founded weathered the emerging markets wobble.

    Somerset Capital Management reported profits for distribution of £14.9 million for the year to March, down from £19.5 million last time."

    Jacob Rees-Mogg set for GBP800,000 dividend from Somerset Capital Management | Business | The Times

    May have been larger dividend, but the Russian Ruble exchange rate dropped against the Sterling.

    Seems like a low salary, for the man of the people
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    Quote Originally Posted by Whorty View Post
    Seems like a low salary, for the man of the people
    Nanny's NMW has to be paid somehow.
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  4. #4

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    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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    Quote Originally Posted by vetran View Post
    imagine a Conservative making serious money, you would never see those nice Labour leaders doing that...

    Keir Starmer net worth: New Labour Party leader has this much money | Express.co.uk

    Let's get this right, he bought a house in 2004 for £650k, it's now possibly worth £1.8m.
    But he didn't pay himself £800k in dividends this year, did he?

    Then again, let's put a bit of perspective on all your links.

    What is Jacob Rees Mogg’s net worth? - Spear's Magazine

    JRM worth over £100m, that's perfectly OK, but for a Labour politician who has actually done work in his life as a successful barrister, to be worth under 5% of that, and you're wetting yourself with glee at calling them equal.
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    Quote Originally Posted by WTFH View Post
    Let's get this right, he bought a house in 2004 for £650k, it's now possibly worth £1.8m.
    But he didn't pay himself £800k in dividends this year, did he?

    Then again, let's put a bit of perspective on all your links.

    What is Jacob Rees Mogg’s net worth? - Spear's Magazine

    JRM worth over £100m, that's perfectly OK, but for a Labour politician who has actually done work in his life as a successful barrister, to be worth under 5% of that, and you're wetting yourself with glee at calling them equal.

    Just because JRM's business was more successful than Keir Starmer's a net worth of a few million is important in a party that believe the rich should pay for the feckless. My ire though was mainly aimed an B'liar & B'Ruin's fortunes.


    I think most people would consider working for the Rothschilds & similar as a real job. Running his own business and making many millions is fairly impressive.
    Rees-Mogg’s first job was at the Rothschild investment bank followed by a move to Hong Kong (where he befriended Christopher Patten the last British Governor of the now Chinese territory) to join Lloyd George Management in 1993. He returned to London in 1996 to handle the company’s emerging markets funds and from 2003 to 2007 Rees-Mogg managed Lloyd George Emerging Markets Fund.
    In 2007, Jacob founded Somerset Capital Management, a fund management firm. He initially stepped back from the running of Somerset Capital when he became an MP in 2010, but retained an advisory role, which he later withdrew from in 2019 following his appointment as the Leader of the House of Commons.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  7. #7

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by vetran View Post
    Just because JRM's business was more successful than Keir Starmer's a net worth of a few million is important in a party that believe the rich should pay for the feckless.
    Do Labour believe the rich should pay for the Tories, even if that's the reality of it?


    Quote Originally Posted by vetran View Post
    I think most people would consider working for the Rothschilds & similar as a real job.
    A job he got through daddy.
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    Yeah, like a random person would get first job at Rothschild investment bank.

  9. #9

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    That's why they don't want to slap NI on the dividend tax and scrap IR35.

  10. #10

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    Quote Originally Posted by AtW View Post
    "Jacob Rees-Mogg set for £800,000 dividend from Somerset Capital Management

    Jacob Rees-Mogg, the leader of the Commons, is in line for a dividend payment of about £800,000 this year after the fund management firm that he founded weathered the emerging markets wobble.

    Somerset Capital Management reported profits for distribution of £14.9 million for the year to March, down from £19.5 million last time."

    Jacob Rees-Mogg set for GBP800,000 dividend from Somerset Capital Management | Business | The Times

    May have been larger dividend, but the Russian Ruble exchange rate dropped against the Sterling.

    You're a jealous twat.
    Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.

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