Sir Jacob Rees-Mogg | |
---|---|
![]() Official portrait, 2022 | |
Secretary of State for Business, Energy and Industrial Strategy | |
In office 6 September 2022 – 25 October 2022 | |
Prime Minister | Liz Truss |
Preceded by | Kwasi Kwarteng |
Succeeded by | Grant Shapps |
Minister of State for Brexit Opportunities and Government Efficiency | |
In office 8 February 2022 – 6 September 2022 | |
Prime Minister | Boris Johnson |
Preceded by | The Lord Agnew of Oulton |
Succeeded by | Office abolished |
Leader of the House of Commons Lord President of the Council | |
In office 24 July 2019 – 8 February 2022 | |
Prime Minister | Boris Johnson |
Preceded by | Mel Stride |
Succeeded by | Mark Spencer |
Chair of the European Research Group | |
In office 9 January 2018 – 3 September 2019 | |
Deputy | |
Preceded by | Suella Braverman |
Succeeded by | Steve Baker |
Member of Parliament for North East Somerset | |
In office 6 May 2010 – 30 May 2024[1] | |
Preceded by | Constituency established |
Succeeded by | Constituency abolished |
Personal details | |
Born | Jacob William Rees-Mogg 24 May 1969 London, England |
Political party | Conservative |
Spouse |
Helena de Chair (m. 2007) |
Children | 6 |
Relatives | The Lord Rees-Mogg (father) Annunziata Rees-Mogg (sister) |
Education | |
Signature | ![]() |
Website | jacobreesmogg |
Sir Jacob William Rees-Mogg (/riːsˈmɒɡ/ reess-MOG; born 24 May 1969) is a British politician, broadcaster and member of the Conservative Party who served as Member of Parliament (MP) for North East Somerset from 2010 to 2024. He served as Leader of the House of Commons and Lord President of the Council from 2019 to 2022, Minister of State for Brexit Opportunities and Government Efficiency from February to September 2022 and Secretary of State for Business, Energy and Industrial Strategy from September to October 2022. Rees-Mogg previously chaired the eurosceptic European Research Group (ERG) from 2018 to 2019 and has been associated with socially conservative views.
Rees-Mogg was born in Hammersmith, London. He was educated at Westminster Under School, Eton College and the University of Oxford where he read history as an undergraduate student of Trinity College, Oxford, and served as president of Oxford University Conservative Association. He went on to work in the City of London and in Hong Kong for Lloyd George Management until 2007, when he co-founded the hedge fund management business Somerset Capital Management LLP.[2][3] He amassed a significant fortune, estimated in 2016 at between £55 million and £150 million, including his wife's expected inheritance.[4][5] Rees-Mogg unsuccessfully contested the 1997 and 2001 general elections before being elected as the MP for North East Somerset in 2010.[6] He was reelected in 2015 and 2017, with an increased share of the vote each time, as well as in 2019, with a smaller share of the vote. Within the Conservative Party, he has joined the traditionalist and socially conservative Cornerstone Group.
During the premiership of David Cameron, Rees-Mogg was one of the Conservative Party's most rebellious MPs, opposing the whips on a number of issues. He became known for filibustering.[7] A Eurosceptic, he proposed an electoral pact between the Conservatives and the UK Independence Party (UKIP) and campaigned for the UK to leave the European Union in the 2016 referendum.[8] A member of the European Research Group (ERG), Rees-Mogg was elected its chairman in 2018.[9] He attracted support for his opposition to the Chequers Agreement and Prime Minister Theresa May's proposed Brexit withdrawal agreement. He was promoted as a potential successor to May as Leader of the Conservative Party; he instead endorsed Boris Johnson in the 2019 leadership contest.[10] Following Johnson's election as Conservative Leader and appointment as Prime Minister he appointed Rees-Mogg Leader of the House of Commons and Lord President of the Council. In February 2022, Rees-Mogg was moved by Johnson to the role of Minister of State for Brexit Opportunities and Government Efficiency.[11] After Johnson resigned in July 2022, Rees-Mogg supported Liz Truss's bid to become Conservative leader. Following Truss's appointment as prime minister, she appointed Rees-Mogg as Business Secretary. He resigned as Business Secretary shortly after Truss left office on 25 October 2022. He was defeated at the 2024 general election, losing to the Labour Party's candidate, Dan Norris.
Rees-Mogg has been described as a conviction politician with anachronistic attitudes.[12][13][14] Critics view him as a reactionary figure; his traditionalist attitudes have been characterised as obscuring controversial political views,[15][16][17][18] some of which have made him the target of organised protests. His anachronistic style led to Rees-Mogg being dubbed the "Honourable Member for the 18th century".[19]
Since becoming an MP, Jacob Rees-Mogg has earned more than £500,000 from a second job at Somerset Capital Management, a hedge-fund that he co-founded. Despite its name, Somerset Capital Management has nothing to do with Somerset, but it is in fact a London-based hedge fund that invests in overseas companies, including substantial interests in tobacco, oil and coal mining companies [quoting Labour Party candidate Todd Foreman]
... Rees-Mogg remains a partner [in Somerset Capital Management LLP] but took a nonexecutive role after becoming a Conservative member of Parliament in 2010