Jacob Rees-Mogg declared ambition to be PM and love for money in archive clip

A newly uncovered 1982 interview with the Tory Commons Leader has been released by the archive of the French National Audiovisual Institute

“I love money. Always have done”

Jacob Rees-Mogg sat in a Rolls Royce, declared his love for money and Margaret Thatcher and his ambition to be Prime Minister – when he was 12 years old.

A newly uncovered 1982 interview with the Tory Commons Leader has been released by the archive of the French National Audiovisual Institute.

The clip shows the pint-sized Tory declaring his intention to make “millions or billions”, before becoming Prime Minister at age 70.

And the now-married father of six vowed never to take a wife.

“I intend to stay a bachelor because I don’t want to get divorced and have the wife taking all my money,” he said. “And that seems to be happening so often nowadays that I won’t take the risk.

Speaking in the back of a Rolls Royce, Mr Rees-Mogg told the interviewer: “When I am 30, I would like to be the managing director of [The General Electric Company] and hopefully by the time I am 70, when I am 70, I’d love to become Prime Minister.

“At that age you can have made all your millions or billions and you will have got plenty of money and time to spend on politics.”

This week, Mr Rees-Mogg, now 52, told the Times: “I remember the interview and fear that, six children later, it has blown my chances of being a credible 21st century Nostradamus.

“Otherwise my only defence is that when I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things.”

In the clip, Mr Rees-Mogg boasted of having bank accounts with Barclays, LLoyds, National Westminster, Midland, the Post Office and Harrods.

Now 52, Mr Rees-Mogg is married with six children and insists he has no ambition to be PM when he’s 70


Chris McAndrew / UK Parliament (Attribution 3.0 Unported (CC BY 3.0)))

“I love money, always have done,” he said.

“Why? Because you need money and with money you can make more money.

“And if you’ve got money, you can buy things, buy things that you want, I could buy this Rolls-Royce, something like that, lovely.”

And he heaped praise on then-Prime Minister Margaret Thatcher – while wearing a “Love Thatcher” badge.

He said: “Margaret Thatcher is the best prime minister this century and she is getting Britain out of the recession, she is cutting [the] public sector borrowing requirement, she is reducing inflation, she is reducing unemployment.”

Playing down his own political ambitions, he told the Times this week: “In 18 years I hope Boris will just be beginning the second half of his tenure.”

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