Labour suspends Perran Moon amid Covid loan repayment investigation

Perran Moon became the second Labour MP suspended over Covid loan repayments, according to BBC reporting published on 20 October 2026. The Camborne and Redruth MP voluntarily referred himself to Labour’s investigation process. Companies House listed him as co-director of training business Autoswot, whose last accounts were filed in June 2021.

Moon said Autoswot obtained a £50,000 Bounce Back Loan within the rules, using it for staffing and essential business expenses. He said partial repayments continued until the company stopped trading in late 2022, and pledged to provide documents to investigators. The BBC reported that Companies House had incorrectly advised him that accounts were unnecessary after an application to strike off the business. Labour confirmed his referral but declined further comment during the investigation.

The Bounce Back Loan scheme issued £46bn in lending and gave banks a full government guarantee, leaving taxpayers exposed when businesses failed. The Covid counter-fraud commissioner estimated scheme-wide fraud and error at up to £2.8bn. Those wider findings do not establish wrongdoing by Moon; the source reports no completed investigation into his case.