Claim e355310aChecked 21 Jul 2026
Partly True/FalseOn the truth scale
“The interviewee was getting shedloads of money.”
Interpreted ashyperbole
“The interviewee was getting a very large amount of money.”
Reasoning & Evidence21 Jul 2026
The claim that Nigel Farage earned "a very large amount of money" during his City career in the 1980s is supported by several pieces of evidence but also subject to meaningful qualification.
**Evidence supporting the claim:**
- Farage's own autobiography described "shedloads of money," and he did not deny this characterization when it was put to him in the interview (Huw Spanner/High Profiles).
- The BBC profile of Farage states he "earned a more-than-comfortable living" from his City commodities trading career.
- Farage told The Independent: "I was handling millions and drinking more or less continuously," and said his ambition at 18 was "to succeed in business and make a lot of money."
- Finance Monthly notes that commodity traders' salaries and bonuses in the 1980s "could reach six figures."
**Evidence qualifying or contradicting the claim:**
- A metals broker quoted by the Financial Times (via City AM) said: "This suggestion that he was a very wealthy man in the City is probably a bit of a misnomer. I don't think he was anywhere near as successful as some people are portraying. He probably does better out of being an MEP."
- Farage himself, later in the same interview, described the previous 10 years (roughly 2001–2011) as "grinding poverty," saying he was "earning half what a GP earns" while raising a large family.
- One of his firms, Farage Limited, was still paying back £33,000 in owed taxes as of 2014, suggesting his business ventures were not uniformly lucrative.
**Assessment:** Farage's own self-description supports the claim that he earned well during the 1980s City boom, and the BBC corroborates a "more-than-comfortable living." However, the phrase "a very large amount of money" implies exceptional wealth, and at least one industry source suggests this is overstated. The evidence is mixed: he clearly earned well by ordinary standards, but whether it amounts to "a very large amount" (or "shedloads") as an objective characterization is disputed. Farage's own later admission of "grinding poverty" in the decade before the interview also creates tension with the impression of accumulated wealth.
Sources:
- BBC News, "Profile: Nigel Farage, UKIP leader" — https://www.bbc.com/news/uk-politics-20543513
- City AM, "I'm A Celeb star Nigel Farage had failed London firm before politics" — https://www.cityam.com/im-a-celeb-star-nigel-farage-had-city-career-including-failed-brokerage-that-went-insolvent/
- The Independent, "Nigel Farage: 'Politicians govern through fear'" — https://www.the-independent.com/news/uk/politics/nigel-farage-politicians-govern-through-fear-6297949.html
- High Profiles / Huw Spanner interview with Nigel Farage — https://highprofiles.info/interview/nigel-farage/
- Finance Monthly, "Nigel Farage Net Worth" — https://www.finance-monthly.com/nigel-farage-net-worth/
From article
You write about how much fun you had, ‘drinking more or less continuously’, and what shedloads of money you were getting. What have you got in common with the kind of people you identify as the rank and file of Ukip: farmers, deep-sea fishermen, small shopkeepers? These are people whose living is often precarious, sometimes very dangerous, never ‘fun’, and they work very hard.
Sources opened