Brexiters bail on Britain like rats fleeing sinking ship

by Luke Lythgoe | 14.06.2018

Jacob Rees-Mogg’s fund is opening up in Ireland. Nigel Lawson wants to be a French resident. Andy Wigmore is planning to move to Belize. Voters may wonder why, having promised “sunlit uplands” outside the EU, Brexiters are now bailing on their country like rats fleeing a sinking ship.

The latest hypocrite to hit the headlines is Rees-Mogg. The City firm he co-founded, Somerset Capital Management, has set up an investment fund in Ireland and warned clients about the potential risks from Brexit.

Rees-Mogg, who receives £14,000 for 30 hours work a month from Somerset, told the Telegraph the decision to launch the Irish fund was “nothing whatsoever to do with Brexit”. But the Somerset prospectus for the new investment warns that “considerable uncertainty” during and after Brexit may affect the fund.

Meanwhile Lawson, the former Vote Leave chair who lives in France, has now applied for permanent residency there. He said he was “not particularly worried” about what would happen to Brits in France post-Brexit, though he understood others were concerned about losing healthcare cover and hoped it would be “sorted out”.

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The former chancellor was criticised during the referendum for heading the Leave campaign while enjoying free movement rights in France. The upshot of Lawson’s campaign’s success is that Brits in future will find it harder to live the cross-Channel life he enjoys.

Another Brexiter planning to jump ship is Wigmore, who helped run Leave.EU alongside Nigel Farage and Arron Banks. He’ll be taking advantage of his Belize citizenship and leaving the UK for the small tropical nation this summer.

Back in March 2017 Farage said he would “go and live abroad” if Brexit turns out to be a “disaster”. While the former UKIP leader is still in Blighty, the flight of his Brexiter comrades is a sign of how badly Brexit is going.

Most people can’t relocate their lives or business interests out of Brexit harm’s way. They can only watch as its champions head for the hills.

Edited by Hugo Dixon

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