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EU Commission President Jean-Claude Juncker meets US financier George Soros
Image: EU Commission President Jean-Claude Juncker meets US financier George Soros. Brussels, Belgium, April 27, 2017. REUTERS/Olivier Hoslet

George Soros Promises £100K More to Stop Brexit

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Image: EU Commission President Jean-Claude Juncker meets US financier George Soros. Brussels, Belgium, April 27, 2017. REUTERS/Olivier Hoslet

Billionaire financier George Soros has now pledged even more money to combat Brexit following “smear campaign.” 

Soros made his announcement as more than £150,000 in crowdfunded money was collected for the same reason.

£100,000 More to Stop Brexit

The crowdfunded money was collected for the purposes of helping to encourage people against Brexit to take action to stop it. They had gathered just shy of £150,000 at the time this article was written. Soros had pledged to match the first £100,000 for the cause. The goal is to fight Brexit, mobilizing public opinion in favor of his cause.

Before having made the pledge, Soros had experienced anger from people in the United Kingdom in favor of leaving. At that time, he had already announced his intention to donate £400,000 to the Best for Britain campaign group. His hope was to cease the U.K.’s withdrawal from the E.U.

Criticism Against Soros

Soros, whose personal wealth is estimated to be around £18 billion, placing him in 29th place among the richest people on the planet (according to Forbes’ figures), had previously entertained six Conservative donors in his Chelsea home.

However, after having found himself under attack, Soros announced his intention to donate even more to the Best for Britain campaign. This time, his announcement said he would donate up to £100,000 in extra funds for the cause through his Open Society Foundation (OFS), matching donations to the campaign from the public.

Crowdfunding Against Brexit

The crowdfunding page for the cause is called “your right to fight Brexit.” The first £149,622 of its £155,000 goal was achieved by 4,564 donations in only six days. The cause has become highly popular by spreading via social media. It has already been shared by tens of thousands of people throughout the U.K.

“We live in a democracy, and the right to freedom of speech is precious. Elements of the right-wing press don’t seem to agree,” said the Best for Britain CEO, Eloise Todd. “The UK’s future with the EU is not a done deal, there is still a vote to come and people across the country deserve to know the truth about the options on the table: one of which is staying and leading in the EU.”

Note: The opinions expressed in this article are the author's own and do not necessarily reflect the view of Alvexo on the matter.

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