Thread by @mark_mclaughlin

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So it turns out Alister Jack tells Scotland one thing and his business friends another.

He became @ScotSecofState this week, but he’s also the director and main shareholder of Cantco Limited, and insurance underwriter for @LloydsofLondon

THREAD

thetimes.co.uk/edition/scotla…

@ScotSecofState @LloydsofLondon The @ScotSecofState tells Scotland that Brexit will make the UK "better off, and less exposed to risk".

But Alister Jack's accounts say Brexit carries "various risk factors" which "could lead to financial loss"

thetimes.co.uk/edition/scotla…

@ScotSecofState @LloydsofLondon The @ScotSecofState says UK will prosper when "free from the whims of the EU"

@LloydsofLondon disagrees. Luckily for Alister's profits they launched a Brussels lifeboat in 2018 to "provide certainty to customers"

Can your small business do the same?

thetimes.co.uk/article/lloyds…

@ScotSecofState @LloydsofLondon Incidentally, @Jacob_Rees_Mogg's company Somerset Capital Management launched a couple of Dublin lifeboats around the same time.

Nothing to do with Brexit, of course.

thetimes.co.uk/article/jacob-…

@ScotSecofState @LloydsofLondon @Jacob_Rees_Mogg The @ScotSecofState divested his £70,000+ shares in Jardine Matheson Holdings in October 2017, two months after this story by @paulhutcheon pointing out that it was incorporated in Bermuda, a notorious tax haven.

heraldscotland.com/news/15470080.…

@ScotSecofState @LloydsofLondon @Jacob_Rees_Mogg @paulhutcheon And by the way, who is Han Ngok Steve Cheng, who controlled Cantco Holdings until Alister Jack took over on 25 August 2016?

The @ICIJorg found him in the #ParadisePapers linked to a company based in the the Cayman Islands, another notorious tax haven.

thetimes.co.uk/edition/scotla…