“Profits in Jacob Rees-Mogg’s investment empire are soaring and more than doubled in the last four years, a TV investigation will show tomorrow.
A Channel 4 Dispatches programme will highlight the surging fortunes of Somerset Capital Management LLP, a firm co-founded and co-owned by the Tory hard Brexiteer.
SCM’s publicly-available accounts show its operating profit rose from £14.7m in the year to March 2015, to £18.3m in 2016, £27.8m in 2017 and £34.1m in 2018.
Meanwhile the profits available for distribution among members have risen from £11.5m in 2015 to £14.4m in 2016, £21.9m in 2017 and £25.3m in 2018. …”