Labour MP Perran Moon has been suspended following a self-referral for investigation into his repayment of a Covid Bounce Back Loan. Moon, representing Camborne and Redruth, co-directed a training company, Autoswot, which received a £50,000 loan during the pandemic. He maintains the loan was applied for within the rules, used for essential business costs, and that partial repayments were made until the company ceased trading in late 2022. Moon has cooperated with the Labour Party's investigation process.
This marks the second Labour MP suspension linked to Covid loan repayments, following Bayo Alaba's suspension over a loan to a real estate company. The Bounce Back Loan scheme, launched in May 2020 to support small businesses, issued £46bn in loans guaranteed by the government but was later found vulnerable to fraud and error, with losses estimated up to £2.8bn. The investigations highlight ongoing scrutiny of MPs' use of pandemic support funds and the importance of maintaining public trust in government schemes.
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Source: BBC UK News. Aggregated summary, not independent reporting.