This man appears to have army experience but no business experience – what exactly does he do for £350 per hour?
“… 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.
The basic annual salary for an MP is £79,468, and they also receive expenses to cover the costs of running an office.
According to Mr Mercer’s register of members’ interests, his only other regular income is the £85,000 per year from Crucial Academy. …”
