Why shouldn’t Nigel Farage invest in crypto? |
The nation is – apparently – in shock. After giving endless speeches about how much he loves cryptocurrencies, Reform UK leader Nigel Farage has revealed that he himself has invested in a crypto firm called Stack.
Despite being accused of ‘grift’, Farage is far from the first politician to hold stocks and shares that risk overlapping with his professional duties. Indeed, it is hardly an established convention that politicians must divest all their assets upon entering Parliament. There are, in fact, plenty of examples to the contrary.
The Sunak family, comfortably the wealthiest-ever occupants of Downing Street, have a net worth of north of half a billion pounds thanks to their shares in a listed tech firm set up by Rishi’s father-in-law. There was no expectation that these or any other shares would be sold off prior to Sunak’s arrival in office, nor were there widespread accusations of ‘grift’ when Sunak adopted tech-friendly policies.
We should not assume there is anything necessarily sinister about MPs owning things
We should not assume there is anything necessarily sinister about MPs owning things
As deputy prime minister in the nineties, Michael Heseltine continued........