Second Labour MP suspended over Covid business loan questions
Summarised from 3 outlets · Updated 20 Oct, 22:20 · Archive
Perran Moon, Labour MP for Camborne and Redruth, has been suspended while the party investigates questions over a taxpayer-funded Covid bounceback loan.
Perran Moon, the Labour MP for Camborne and Redruth, has been suspended from the party and lost the Labour whip in the House of Commons while an investigation takes place. The inquiry concerns a company he co-owns, Autoswot Limited, which took out a bounceback loan of £50,000 during the Covid pandemic. An attempt to wind up the company was made in November 2022.
Moon said in a statement that the company 'fully intended to repay' the loan and 'made repayments until it ceased trading' in late 2022. He attributed the business failure to 'unforeseen external market pressures'. He voluntarily referred himself to Labour Party officials for investigation and said he would 'cooperate fully' with the process.
Moon is the second Labour MP to be investigated over a similar matter. Bayo Alaba, the MP for Southend East and Rochford, referred himself to the party in August. According to The Independent, it is unclear how similar the precise circumstances of the two cases are. The investigation is described as precautionary, with suspension carried out 'on a without prejudice basis' that does not imply any finding of wrongdoing at this stage.
How it is being reported
- Second Labour MP suspended over Covid loan repaymentsPerran Moon, MP for Camborne and Redruth, voluntarily referred himself for investigation.BBC News · 20 Oct, 22:20
- Labour MP suspended after questions over Covid bounceback loanPerran Moon MP said that he fully intended to repay the loan but that his business ceased trading due to ‘external market pressures’The Independent · 20 Oct, 21:52
- Second Labour MP suspended amid questions over taxpayer-funded Covid business loansPerran Moon, the MP for Camborne and Redruth, is understood to have lost the Labour whip in the House of Commons while an investigation takes place.Daily Mail · 20 Oct, 18:58
In this story: Perran Moon · Labour Party · Camborne and Redruth · Autoswot Limited · Bayo Alaba
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