Tory MP Johnny Mercer has come under fire after it was revealed he receives an £85,000 salary from a company that marketed a failed bond scheme costing savers £236m.
Many investors have said they’re surprised. Dave from Bridgend, who invested his life savings in the scheme, told us, ‘I’m still in shock. First a Tory screws me over. Then you’ll never guess what I found out about the Pope this morning.’
The Conservative MP for Plymouth Moor View is a non-executive director of Crucial Academy, a company ultimately funded by Surge Financial Limited. Crucial Academy trains military veterans and aims to find them employment. Mercer is contracted to work 4 hours a week at a rate of over £350 per hour.
Which may go some way to explaining why the concept of a living wage is alien to Conservatives.
Surge Financial Limited took 25% commission for marketing bonds by London Capital and Finance (LCF), which is now in administration.
The third hand, underhand nature of the deal has undermined Mercer’s attempts to present himself as a man of the people. Jacob Rees-Mogg said it was a serious error of judgement ‘allowing himself to get caught like that.’
Crucial Academy claims to have trained 80 veterans since July 2018, with 72 finding gainful employment post-course in the cyber security industry.’
The other 8 are currently employed doing menial tasks for Mercer who each week selects his favourite to be Groom of the Stool.
One mother, who was trying to save money for her autistic son, lost more than £22,000 investing in LCF. She said, ‘Politicians are there for the people, and Johnny Mercer is not thinking about the people.’
A Tory spokesman said, ‘this is an outrageous claim’ and described Mr Mercer as a ‘true Tory’ who is ‘always thinking about the people. And how he can screw them over while protecting his own interests.’
Mercer, who is now facing calls for him to resign as an MP, was unavailable for comment.
One of lackeys told us, ‘He’s taking some time to think things through while stuffing his face with foie gras and pissing on the homeless.’