The National:

FOOTAGE of Jacob Rees-Mogg as a 12-year-old has resurfaced showing the senior Tory's motivations have not changed much since 1982.

Throughout the interview with a French TV station, Rees-Mogg professes his love of money, admiration for Margaret Thatcher and his ambitions to become prime minister.

The footage starts off with Rees-Mogg making a call about GEC (General Electrical Company) shares in comparison with other electrical companies.

The first thing we hear the young Rees-Mogg telling the interviewer - as he sits in the back of a chauffeur-driven Rolls Royce - will come as no surprise to National readers.

He said: "I love money, always have done.

"Why? Because you need money and with money, you can make more money. If you've got money you can buy things ... I could buy this Rolls Royce, something like that, lovely."

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He then talks about how he inherited £50 from a distant cousin at the age of seven which his father invested into the now-defunct GEC for him. He became interested in stocks and shares by wanting to know what his money was doing and two years later his father bought him "some more shares" for his birthday.

Just shows you, all you need to succeed is ... umm ... money from wealthy relatives?

Throughout the footage, Rees-Mogg is wearing a badge that says "Love Maggie", a reference to his adoration of the late Margaret Thatcher who was in the middle of her tenure as Tory prime minister when it was recorded.

Describing Thatcher as "the best prime minister" of the 20th century, Rees-Mogg shows his early talents as a Tory politician by listing some things she is going to do, rather than anything she has done.

"She is getting Britain out of the recession, she is cutting public sector borrowing requirement, she is reducing inflation, she is reducing unemployment," he says, as the clip cuts off.

He then describes the election of Roy Jenkins in the 1982 Glasgow Hillhead by-election in a previously Tory-held seat as "absolutely disgraceful", adding that the Conservative candidate should have won because he was a "Thatcherite" and "just what this country needs".

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After listing details of his eight bank accounts - one of which is "with the Government or something - Rees-Mogg tells the interviewer that if he changed all his money into Lira (Italian currency pre-euro) he would be a millionaire.

Now, he is most definitely a millionaire with an approximate net-worth of £150 million, much of it wrapped up in offshore accounts.

Listing one of his ambitions as being chairman of GEC by the age of 30, Rees-Mogg said by the time he was 70 he would love to become prime minister. 

He said: "At that age, you can have made all your millions or billions and you've got plenty of money and you will have time to spend on politics."

Having become an MP in 2010, Rees-Mogg has risen through the Tory ranks to sit as Leader of the House of Commons as well as Lord President of the Council under Boris Johnson's government.

Let's just hope Scotland will not have to deal with PM Rees-Mogg ...

Watch the full clip below