Brexit backer: Living in Monaco a false economy

City entrepreneur and prominent Brexit supporter Peter Cruddas says living in Monaco was a false economy.

He told BBC Radio 5 live's Wake Up to Money that anything that he saved was lost in the development of his business because he was distracted.

Mr Cruddas also called stamp duty "a disgrace" - after paying £5m in stamp duty on his new £40m Mayfair home.