Soros Donates £400,000 To Miller-founded Anti-Brexit Group

George Soros. Photo: Stephan Roehl/Heinrich-Böll-Stiftung/Flickr/Creative Commons CC BY-SA 2.0

George Soros. Photo: Stephan Roehl/Heinrich-Böll-Stiftung/Flickr/Creative Commons CC BY-SA 2.0

Billionaire investor George Soros gave £400,000 to an anti-Brexit group, founded by Remainer Gina Miller, in the wake of last year's UK General Election, it has been revealed.

Soros donated to the Best for Britain group, which Miller set up to bring legal action against the government to gain parliament's consent before starting negotiations to leave the European Union.

He is also said to have hosted a dinner for Conservative donors at his London home last week to discuss the issue, according to Financial Times sources.

Soros's Open Society Foundation said it has also donated a total of £303,000 to other pro-EU groups such as the European Movement UK, Scientists for EU and think-tank Bright Blue for its work on protecting European rights.

Gina Miller considers second Brexit lawsuit over 'Henry VIII legislation'

However, Miller denied links with the billionaire as she revealed she had left Best for Britain, and criticised the group for being "undemocratic" by not disclosing its financial backers.

She released a statement which said: "Contrary to misleading media reports, I have absolutely no relationship with, or involvement in the work of, Best for Britain.

"One of the greatest failures, and sadnesses, of the whole Brexit era has been the lack of transparency about key players' motivations, agendas and activities and incompleteness of information that is placed in the public domain.

"I encourage Best for Britain, and all those keen to play their part in the Brexit debate, to be open and honest about what they stand for, whom they represent and by whom they are funded."

Miller, who is also a high-profile campaigner for transparency in fund fees, is also preparing a dossier to present to the Financial Conduct Authority to show instances where the recently introduced MiFID II rules have been contravened by investment firms, as they are not complying with fee transparency rules, and said she will pursue legal action against the regulator if it does not give more specific guidance, according to City AM.

RECENT NEWS

The Penny Drops: Understanding The Complex World Of Small Stock Machinations

Micro-cap stocks, often overlooked by mainstream investors, have recently garnered significant attention due to rising c... Read more

Current Economic Indicators And Consumer Behavior

Consumer spending is a crucial driver of economic growth, accounting for a significant portion of the US GDP. Recently, ... Read more

Skepticism Surrounds Trump's Dollar Devaluation Proposal

Investors and analysts remain skeptical of former President Trump's dollar devaluation plan, citing tax cuts and tariffs... Read more

Financial Markets In Flux After Biden's Exit From Presidential Race

Re-evaluation of ‘Trump trades’ leads to market volatility and strategic shifts.The unexpected withdrawal of Joe Bid... Read more

British Pound Poised For Continued Gains As Wall Street Banks Increase Bets

The British pound is poised for continued gains, with Wall Street banks increasing their bets on sterling's strength. Th... Read more

China's PBoC Cuts Short-Term Rates To Stimulate Economy

In a move to support economic growth, the People's Bank of China (PBoC) has cut its main short-term policy rate for the ... Read more