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Showing posts from August, 2019

Boris Johnson - His Secret Brexit Strategy for Parliament?

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With the announcement this week that Boris Johnson was proroguing parliament with a new Queen's Speech on 14th October there was one element that seems to have been missed from the discussion about the implications. Theresa May's government brought the Withdrawal Agreement to Parliament where it was rejected 3 times and due to a ruling by the Speaker could not be brought back again for a further vote in that session. I've not seen any mention on the major news channels that the prorogation of Parliament means that a new session begins and with it the opportunity to bring back the Withdrawal agreement for a final time. Despite his current claims of dissatisfaction over the agreement Boris Johnson has previously voted for it so can't be that dead set against it. I suspect that one strategy he may be looking to follow could be to give MPs a final decision between the existing Withdrawal Agreement and leaving with No Deal with the deadline days away piling on the p...

Blackmore Bond in Trouble? Late Interest Payments for Investors

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Further Update - Weds 14th August - some investors are still saying that they have not yet received their interest due from Blackmore and have had no reply from the company. UPDATE - as of Weds 7th August the interest payment has now been made by Blackmore Bond. Another company promoted by Surge Financial, the agent behind sales of London Capital and Finance was Blackmore Bond. According to reports from investors on the Trust Pilot and BondReview sites Blackmore Bond have been late paying interest due on 31st July. If Blackmore are unable to make interest payments it doesn't bode well for capital repayments due in 2020 Blackmore Bond in Trouble? Blackmore Bond in Trouble? Late Interest payments Blackmore were offering similarly high rates of interest as LCF but claimed they were making returns of over 50% to pay back investors as well as their 25% commission fees to Surge Financial. Time will tell if they are going the same way as LCF and heading for administrati...