Second Labour MP suspended over Covid loan repayments - BBC News
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A second Labour MP, Perran Moon, has been suspended over Covid loan repayments, after voluntarily referring himself for investigation.
Moon, the MP for Camborne and Redruth, is listed on Companies House as the co-director of a training company called Autoswot, external...
Government Bounce Back Loans of up to £50,000 were made available to support small businesses during the pandemic, but a government report found the scheme was vulnerable to fraud and error.
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In August, Labour MP Bayo Alaba was suspended after queries about a Covid-era loan, and a third MP, James McMurdock, quit Reform in 2025 after questions about eligibility for loans he received.
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Autoswot had been set up in June 2019, a year before the loans became available, and at that time had forecast revenues of more than £200,000.
Moon stressed he had applied for the maximum loan of £50,000 within the rules,...
... The BBC understands that Moon was repeatedly assured in writing by Companies House that no accounts needed to be filed after the company applied to be struck off, but that guidance was incorrect.
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Moon said the business folded due to unforeseen external market pressures and "despite the best efforts of staff".
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A Labour Party spokesperson confirmed Moon had referred himself for investigation.
"The Labour Party expects the highest standards from our elected representatives... We cannot comment further while the investigation is ongoing."
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This is the second investigation the Labour Party has launched into the loans, with Alaba, the MP for Southend East and Rochford, also referring himself for investigation over loans made to a real estate company, Alaba Properties.