George Soros backs anti-Brexit campaign with £400,000 donation

American billionaire is ‘valued’ supporter of Best for Britain group

George Soros
George Soros is one of the world’s most successful investors
(Image credit: Sean Gallup/Getty Images)

American billionaire George Soros has donated more than £400,000 to a campaign to stop Brexit, it has emerged.

According to The Guardian, “sources” say the Hungarian-born tycoon has contributed the six-figure sum to Best for Britain since June 2017. The pro-EU group’s chairman, Lord Malloch-Brown, says Soros is a “valued” supporter.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

The Daily Telegraph says that Best for Britain is involved in a “secret plot” to thwart Brexit by recruiting major Tory donors and by convincing MPs to vote against the final Brexit deal, undermining Theresa May and triggering another referendum or general election.

The group was co-founded by Gina Miller, who took the UK government to court over the process of triggering Article 50.

The Telegraph describes Soros as the man who “broke the Bank of England”, referring to a one-month period in 1992 when he made $1.5bn (£1.1bn) betting against the pound and several other European currencies.

Explore More