Tuesday, February 03, 2026

Brexit or not?

 After reading Nolan Jazimreg's book 'BREXIT The Great British Tax Avoidance Swindle' I did a little research using Google Gemini. I asked Gemini to construct tables of the net worth of pro and anti Brexiteers in Parliament before and after Brexit. You should remember that an AI can make mistakes, but I found the results to be informative.

Prominent Brexiteers and those against Brexit

Estimated Net Worth of Key Politicians who supported Brexit
(c. 2016/2026)

Pro-Brexit Politicians

Politician Estimated Net Worth (2016) Primary Source of Wealth/Assets Current Status / Affiliation (Feb 2026) Estimated Net Worth (2026) Notes on Wealth Growth
Jacob Rees-Mogg £55m – £150m Co-founder of Somerset Capital Management; significant family inheritance. Conservative (Former MP) £100m – £150m Despite the 2024 wind-down of Somerset Capital, his combined family wealth and property remain the highest on this list.
Jeremy Hunt £14m+ Sale of his education company, Hotcourses; property portfolio. Conservative MP £15m – £17m Retains wealth from his Hotcourses sale; currently a high-profile Shadow Cabinet member/backbencher.
John Redwood £5m+ Investment career; Global Strategist for Charles Stanley; author royalties. Conservative (Former MP) £5m+ Wealth sustained through long-term investment roles and a significant property portfolio.
Boris Johnson £1.5m – £2m Daily Telegraph column (£275k/year); book deals and speaking fees. Conservative (Former PM) £10m – £15m Significant increase since 2016. He has earned over £6m in advances for memoirs and speaking fees since leaving No. 10.
Iain Duncan Smith £1m – £2m Ministerial salary; speaking fees; property (notably a £2m family estate). Conservative MP £1m – £2m Primarily tied to his ministerial pension and his family's property interests.
Michael Gove £1m – £1.5m Journalism career (The Times); ministerial salary; London property. Conservative (Former MP) £2m – £3m Likely increasing through journalism (The Times) and expected book deals following his retirement from the Commons.
Dominic Raab £1m – £1.5m Legal career (Linklaters); ministerial salary; London property. Conservative (Former MP) £2m+ Returned to legal/advisory work after standing down in 2024.
Liam Fox £1m+ Medical background; long-term MP/Ministerial salary and property. Conservative (Former MP) £1m – £2m Wealth grounded in long-term parliamentary service and international advisory roles.
Priti Patel £1m+ Background in PR (Weber Shandwick); MP/Ministerial salary and property. Conservative MP £2m+ Ministerial pension, MP salary, and property assets in London and Essex.
Nadine Dorries £500k – £1m Successful career as a novelist (earning six figures in royalties). Conservative (Former MP) £2m – £4m Substantial earnings from her Daily Mail column, TV appearances, and best-selling novels.
Penny Mordaunt £500k – £1m PR background; Royal Navy Reservist; MP/Ministerial salary. Conservative (Former MP) £1m – £1.5m Expected to see a rise in "brand value" and media appearances after losing her seat in 2024.
Steve Baker Under £1m Former RAF engineer and software consultant; MP salary. Conservative (Former MP) £1m+ Since losing his seat, he has moved into private sector consultancy and senior corporate roles.
Mark Francois Under £1m Background in public affairs and infantry; MP salary. Conservative MP Under £1m One of the few on this list whose primary income remains the standard MP salary (£91,346).
Nadhim Zahawi £20m – £30m Co-founder of YouGov; Gulf Keystone Petroleum (Oil/Gas); Property. Reform UK (Defected Jan 2026) £100m+ Massive growth via a family property portfolio worth c. £100m and executive roles like Chair of The Very Group.
Robert Jenrick £2m – £5m Legal career (Skadden Arps); Art history; Family property assets. Reform UK (Defected Jan 2026) £10m+ Growth largely tied to his marriage to Michal Berkner (high-earning US corporate lawyer) and prime London property assets.
Suella Braverman £500k – £1m Legal career (Barrister); MP/Ministerial salary. Reform UK (Defected Jan 2026) £2m – £3m Significant 2024-25 boost from the "international speaking circuit" (c. £60k+) and high-paid newspaper columns.
Andrew Rosindell Under £500k Career politician; Long-term MP for Romford. Reform UK (Defected Jan 2026) Under £1m Wealth remains relatively modest compared to peers, primarily based on MP salary and pension.

I asked Gemini to research a similar table for the most vociferous Anti-Brexiter MPs. I expected their fortunes to increase dramatically until 2020, they would be fools not to take advantage of each Brexit 'deadline', but grow more slowly afterwards.

Politician Estimated Net Worth (2016) Primary Source of Wealth/Assets Current Status / Affiliation (Feb 2026) Estimated Net Worth (2026) Notes on Wealth Growth
Nick Clegg £1m – £2m MP salary; property in London & Spain. Private Sector (Hiro Capital) £25m – £35m The most dramatic growth. Earned c. £15m from Meta (Facebook) share sales alone after joining in 2018.
George Osborne £4m – £5m Family wallpaper firm (Osborne & Little). Private Sector (9Yards Capital) £15m – £20m Rapid growth 2017–2021 via BlackRock advisory role (£650k/year) and multiple lucrative directorships.
Tony Blair £40m – £60m Global advisory (Tony Blair Associates); Property. Labour (Shadow Elder / NGO) £70m – £90m Wealth continues to grow through a £27m+ family property empire and his Institute’s global reach.
Sir Keir Starmer £3m – £5m Legal career (DPP); Surrey land holdings. Labour (Prime Minister) £10m – £15m Growth is largely "passive," tied to the appreciation of his 7-acre Surrey estate and London home.
Dominic Grieve £3m – £5m Extensive share portfolio (LVMH, Shell, etc.); Property. Independent (Former MP) £6m – £8m Wealth driven by a high-value diversified share portfolio and his return to senior legal practice.
Gina Miller £5m – £10m SCM Direct (Investment firm). True & Fair Party (Leader) £10m – £15m Wealth remained stable/growing through her investment business, despite funding multiple legal challenges.
Alastair Campbell £1m – £2m Journalism; Book deals. Labour (Media/Podcast) £3m – £5m Growth spike post-2021 due to the massive success of The Rest Is Politics podcast and speaking fees.
Anna Soubry Under £1m Legal (Barrister); MP salary. Corporate Advisory £1m – £2m Shifted to corporate legal and advisory work after losing her seat in 2019.

Gemini reported: "As you suspected, many high-profile 'Remainers' saw a significant surge in their net worth between 2016 and 2020. This was often driven by a pivot into the private sector (specifically global finance or tech) immediately after the referendum, where their "inside knowledge" of the UK's exit process was highly valued. However, for those who stayed in frontline politics (like Sir Keir Starmer), the growth has been steadier and more tied to traditional property appreciation."

So what would have happened if we had remained in the EU and these MPs faced the EU Anti-tax avoidance directive (ATAD)? 

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