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MP Johnny Mercer's salary funded by failed bond scheme marketing agent

 
Johnny Mercer
Image copyright PA
On top of his pay as an MP, Johnny Mercer receives £85,000 a year from Crucial Academy to do four hours work per week

A company that marketed a failed bond scheme that lost savers £236m has been funding an MP's private salary.
Johnny Mercer receives £85,000 from Crucial Academy, a company ultimately funded by Surge Financial Limited.
Surge Financial Limited took 25% commission for marketing bonds by London Capital and Finance (LCF), which is now in administration.
Mr Mercer - who is facing calls from investors to quit as an MP - said he had done nothing wrong.
The Conservative MP for Plymouth Moor View is a non-executive director of Crucial Academy, which trains military veterans and aims to find them employment.
Mr Mercer, himself a former Army officer, is contracted to work 20 hours per month, a rate of more than £350 per hour.


https://www.bbc.co.uk/news/uk-england-devon-47884273
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