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Labour suspends second MP over Covid loan concerns
The Labour Party said Moon referred himself for investigation after questions over a £50,000 Bounce Back Loan taken by his co-owned business.
- On Tuesday, Perran Moon, MP for Camborne and Redruth, lost the Labour whip while under investigation regarding a Covid-era business loan. The party confirmed his administrative suspension while the probe proceeds.
- Autoswot Limited, co-owned by Moon, received a £50,000 government bounce back loan in 2020 but ceased trading in late 2022 due to "unforeseen external market pressures and despite the best efforts of staff."
- Moon maintains the £50,000 loan application was "made in good faith" and accurate, voluntarily referring himself to the Labour Party "so that these matters can be investigated in line with the party's rules."
- The Labour Party, which expects "the highest standards from our elected representatives," is conducting its second investigation into such loans, following a similar case involving Bayo Alaba, the MP for Southend East and Rochford, in August.
- Government Bounce Back Loans totaled £46bn, yet the Covid counter-fraud commissioner estimated total fraud and error at up to £2.8bn, demonstrating the scheme's vulnerability to misuse since its 2020 launch.
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Second Labour MP suspended amid questions over £50,000 taxpayer-backed Covid loan
A second Labour MP has been suspended amid questions over a £50,000 taxpayer-backed Covid loan. Perran Moon, the MP for Camborne & Redruth, voluntarily referred himself to the party for a full investigation to be conducted into the matter, GB News understands.Back in August, fellow Labour MP Bayo Alaba was suspended from the party over questions surrounding whether he tried to avoid repaying a taxpayer-funded Covid loan. Now, Mr Moon is the co-o…
·London, United Kingdom
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right3Center3Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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