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James McMurdock took bank salary while ‘claiming Covid loans’

SOUTH BASILDON AND EAST THURROCK, ESSEX, UNITED KINGDOM, JUL 13 – James McMurdock faces scrutiny over £70,000 in Covid-19 loans through two companies, with potential parliamentary sanctions for failing to declare business interests, officials said.

  • James McMurdock, the South Basildon and East Thurrock MP, suspended himself from Reform UK in July 2024 amid allegations related to Covid-19 loans and business interests.
  • The Sunday Times revealed that McMurdock's two firms took Covid-19 loans totaling £70,000 during the pandemic, including one company with no employees, leading Labour MP Jon Pearce to request a standards investigation on July 5.
  • McMurdock created JAM Financial days before starting a senior associate role at Standard Chartered in November 2016, using it to receive earnings and was later placed directly on the bank’s payroll in 2020 due to tax reforms.
  • McMurdock stated all his business dealings were lawful and compliant, but he removed the Reform whip, announced he would not return to the party, and decided to continue as an independent MP after legal advice.
  • The Parliamentary Standards Commissioner opened an investigation into McMurdock for possible breaches including failure to register interests, and Reform UK urged him to resign to trigger a by-election.
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The Echo UK broke the news in Basildon, United Kingdom on Friday, July 11, 2025.
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