Skip to content

How did Arron Banks afford Brexit?

The self-styled ‘bad boy’ who bankrolled the Leave campaign appears to have exaggerated his wealth. So how did he pay for his Brexit spree?

Published:
lead
lead

Arron Banks in 2014, when he pledged £1million to the UK Independence Party. Ben Birchall/PA Images. All rights reserved.

In September 2013, the man who bought Brexit – Arron Banks – was in trouble. 

For the past two years, financial regulators in Gibraltar had been scrutinising his insurance under-writer, Southern Rock. They had discovered it was keeping reserves far below what was needed.