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The North-East Somerset MP became co-founder of Somerset Capital Management (SCM) back in 2007, and is one of the 21 members who received a combined payment of \u00a321.9 million (US$28 million) this year.<\/p>\n According to the register of MPs\u2019 interests, Rees-Mogg owns 15 percent of the company, meaning his dividend this year likely amounted to \u00a33.3 million.<\/p>\n Asked about his copious income, Rees-Mogg told the Sunday Times the sum is actually \u201cvery considerably less.\u201d<\/em><\/p>\n The Old Etonian also declared \u00a3173,000 as part of an SCM remuneration package in the year to March, alongside the monthly salary of \u00a320,255 he gets for working just 30-35 hours per month.<\/p>\n The father-of-six, nanny-reliant Tory MP also earns between \u00a3250 and \u00a3270 for articles published in the Telegraph, on which he spends only a couple of hours.<\/p>\n When asked about the estimated \u00a34 million earnt through SCM since he was elected to the House of Commons, he told the newspaper: \u201cI\u2019m not going to confirm any figure, but … I\u2019ve never pretended I have no other income.<\/em><\/p>\n \u201cI am fortunate to have a private income and it\u2019s my business and I\u2019m actually quite proud of it.\u201d<\/em><\/p>\n Read more<\/p>\n According to They Work For You, a website monitoring MPs\u2019 voting records, pro-Brexit campaigner Rees-Mogg \u201cconsistently voted for a reduction in spending on welfare benefits,\u201d \u201cconsistently voted against paying higher benefits over longer periods for those unable to work due to illness or disability\u201d<\/em> and \u201cconsistently voted against raising welfare benefits at least in line with prices.\u201d<\/em><\/p>\n Despite earning many times the average salary while backing legislation that has slashed the social safety net for thousands of Britons, \u201cyoung fogey\u201d<\/em> Rees-Mogg would make a popular second choice to succeed May as PM after Brexit secretary David Davis, a recent YouGov poll found.<\/p>\n An online petition backing Rees-Mogg, founded by two Vote Leave campaigners, has garnered more than 20,000 signatures, while campaign group \u2018Moggmentum\u2019 \u2013 a play on Labour\u2019s Momentum \u2013 has been launched in support of his leadership bid.<\/p>\n However, writer and former Conservative MP Matthew Parris cautioned against Rees-Mogg\u2019s\u00a0 \u201cpoisonous\u201d<\/em> opinions.<\/p>\n \u201cFor the 21st-century Conservative Party, Jacob Rees-Mogg would be pure hemlock,\u201d<\/em> he wrote in the Times.<\/p>\n \u201cRees-Mogg is quite simply an unfailing, unbending, unrelenting reactionary.<\/em><\/p>\n \u201cHis record on every moral, social, sexual or reproductive issue I\u2019ve looked at is brute moral conservative. He has been a straight-down-the-line supporter of every welfare cut I\u2019ve checked.\u201d<\/em><\/p>\n<\/div>\n Via RT<\/a>. This piece was reprinted by RINF Alternative News<\/a> with permission or license.<\/p>\n","protected":false},"excerpt":{"rendered":" Tory backbencher Jacob Rees-Mogg, who has been tipped as a possible successor to Theresa May, has raked in a staggering \u00a34 million since becoming an MP seven years ago. Read more The North-East Somerset MP became co-founder of Somerset Capital Management (SCM) back in 2007, and is one of the 21 members who received a […]<\/p>\n","protected":false},"author":1,"featured_media":322605,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-322604","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/322604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=322604"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/322604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/322605"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=322604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=322604"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=322604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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