British Prime Minister Boris Johnson won a thumping election victory last week o...
- British Prime Minister Boris Johnson won a thumping election victory last week on a campaign to “get Brexit done,” but not before some wealthy donors to his Conservative Party quietly took steps to stay inside the European Union.
They include billionaire Alan Howard, one of Britain’s best-known hedge fund managers, and Jeremy Isaacs, the former head of Lehman Brothers for Europe, the Middle East and Asia. Cyprus’ interior ministry recommended that both men’s applications be approved, the government documents show. “Brexit is the only factor driving this,” says Paul Williams, chief executive of passport brokerage La Vida Golden Visas. The right to live, work, study or set up business anywhere in Europe, says Williams, “that all changes with Brexit.”
Britain voted narrowly to leave the European Union in 2016 but the details of the country’s future relationship with the bloc are still unclear. Economists have said Britain will be economically poorer under every form of Brexit, compared with staying in the EU. A spokesperson for a bank owned by Rowland, Banque Havilland, declined to comment. Repeated requests through another of Rowland’s businesses and his personal email address went unanswered. A spokesperson for the palace declined to comment. The Cypriot government declined to comment about any of the individuals named in this story or on the status of a government review of its passports-for-sale scheme, citing EU privacy rules.
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