"The multimillionaire financier who has been made leader of Reform UK in Scotland has refused to say how wealthy he is, claiming that is a private matter. Malcolm Offord, formerly a Conservative party life peer, was unveiled by Reform's leader, Nigel Farage, as the party's first Scottish leader, 10 weeks before a Scottish parliament election in which Reform is expected to win up to 18 seats. Offord is a yachting enthusiast who wins races at Cowes, collects classic cars and recently bought a mansion on the banks of Loch Lomond for 1.6m without a mortgage."
"He previously endorsed suggestions the public could be charged to use the NHS. Speaking at a press conference in Kirkcaldy, Farage and Offord, who was appointed to the House of Lords by the former Tory prime minister David Cameron in 2021, ceremoniously signed a letter stating Offord has retired as a peer in order to stand for Holyrood. They acknowledged that Offord would remain a life peer since only an act of parliament can cancel a life peerage; Farage indicated they did not intend to apply to the king for such an act but said Offord would no longer attend the Lords or use the title."
"Pressed by reporters on whether he would declare his wealth before the May elections, Offord suggested he would not and declined to publish his tax returns. The convention at the Scottish parliament is for party leaders to do so. I'm not talking about my net worth, he said. That's not of any relevance to anybody. For a start, it's not something you pluck out of the air because your assets are not easily valued."
Malcolm Offord, a multimillionaire financier and former Conservative life peer, has been appointed Reform UK's first Scottish leader ahead of the Scottish parliament election. He declined to disclose his net worth or publish tax returns, calling his assets private and difficult to value. Offord is a yachting enthusiast who collects classic cars and recently bought a mansion on the banks of Loch Lomond for 1.6m without a mortgage. He previously endorsed suggestions that the public could be charged to use the NHS. Offord has signed a letter stating he has retired as a peer to stand for Holyrood while legally remaining a life peer.
Read at www.theguardian.com
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