Labour MP suspended after Covid loan controversy sparks investigation
A second Labour MP has been suspended over concerns about the repayment of taxpayer-funded Covid business loans.
TL;DR
- Labour MP Perran Moon suspended pending investigation into Covid business loans.
- The investigation concerns taxpayer-funded loans taken out by a former business co-owned by Mr. Moon.
- The company received a £50,000 Bounce Back Loan during the pandemic.
- The business ceased trading in late 2022.
- Mr. Moon has voluntarily referred himself to the Labour Party's investigation process.
- This is the second Labour MP to face suspension over similar concerns.