The real reason why some of the UK’s richest want to leave the EU: Filthy lucre


So hedge fund bosses want the UK out of the EU because it means they would get to pocket more money with a relaxation of financial rules.

But if they benefit, someone will have to suffer.

Who do you think that could be?

Billionaire hedge fund managers who are backing the campaign to take Britain out of Europe stand to bank millions more pounds a year in the event of a so-called “Brexit”.

Two of the five richest hedge fund billionaires in Britain are already linked to EU exit campaigns, and The Independent understands that other fund managers are planning to throw their weight behind the Out campaign in the coming months.

Tough European rules made in the wake of the 2007 financial crisis would be under threat if hedge fund bosses helped to force the UK’s exit from the EU.

Without the restrictions, hedge funds – which specialise in high-risk, short-term investments – would save about £250m a year, an analysis by this newspaper has calculated. Bonus rules which force hedge fund bosses to reduce the amount of cash they pocket and are designed to stamp out reckless trading would also be at risk if the UK left the EU.

Source: EU referendum: Hedge fund managers backing ‘Out’ campaign to set make millions from Brexit

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6 thoughts on “The real reason why some of the UK’s richest want to leave the EU: Filthy lucre

    1. John Gaines

      To complete thier Master Plan of total domination the Corporate hegemony must get UK out of the EC which, when challenged by a rival for their own determination of our abuse will counteract corporate aims. For those same US Corporations it is essential they complete the PHONY TTPI US trade Con before they can enforce their strategies.

      Thier plans are far more advanced than we know:

      The theory privileges the role of transnational exchange (e.g. trade, the development
      of Euro-groups, networks and associations, and so on) in pushing the EC’s
      organizations to construct new policy and new arenas for policy-relevant behavior;
      once constituted, these arenas sustain integration in predictable ways, not least by
      provoking expansion in the level and the scope of transnational exchange. Some
      members of the group focused on the emergence and institutionalization of these
      arenas (Cameron 1996; Fligstein and McNichol 1996; Sandholtz 1996; Smith 1996;
      Stone Sweet and Caporaso 1996); others studied the consequences of institutionalization
      for policy-making (Pierson 1996; Pollack 1996); and still others examined
      the reciprocal impact of supranational governance and national politics (Stone
      Sweet and Caporaso 1996), and national public opinion (Dalton and Eichenberg
      It may well be that Labour have slightly speeded up thier plans.

  1. Guy Ropes

    The rules are only “at risk” – no need to worry. Typically alarmist. Now if the EU – or at least those within it who are paid way above their pay grade – were to do something positive to reduce the suffering of the Greek working class people (for a start) – then I might moderate my contempt for the Stalinist regime that exists in Brussels. Let the MPs and Commissioners there take a pay cut and a reduction in their pensions and I might be persuaded that they’re not mini-hedge fund managers. Or at least aspiring to be so. I would also have more respect for them if they flew malnourished infants from Africa to Germany to reduce their suffering. But do I remember you saying that I was not comparing like with like or something similar in this regard?

    1. Mike Sivier Post author

      EU bosses can’t be both mini-hedge fund managers (which would make them ultra-capitalists) and Stalinist at the same time. You seem ultra confused.
      Your suggestion that the article is “alarmist” doesn’t fit the facts either. Are you suggesting that you would prefer people to make a decision without understanding its full implications? I think you are. That would be dishonest.

  2. Barry Davies

    Well on one side apparently we have 2 out of 5 major hedge funds wanting us out, on the other we have a bunch of extreme left wingers wanting us to continue to be governed by an unelected bunch of failed politicians, and a government (Our money) funded campaign to stay in, if only we could make a decision not based on propaganda we could get it right, although that would probably be not be accepted by the democratically deficient eu just as they refused to accept the legal outcomes of previous referenda that they did not agree with.

Comments are closed.