Labour MP suspended as party launches investigation into Covid loans
Summary
A Labour Member of Parliament (MP), Bayo Alaba, has been suspended from his party while an investigation looks into whether he tried to avoid paying back government loans given during the Covid-19 pandemic. Alaba says he took out two loans but intends to repay them fully and has asked his party to investigate the matter.Key Facts
- Bayo Alaba is an MP for Southend East and Rochford.
- He took out two government "bounce back" loans during the pandemic, designed to help small businesses.
- There are reports that Alaba tried to close one of his businesses before paying back these loans.
- The Labour Party suspended Alaba and launched an investigation after he referred himself to them.
- Suspended MPs lose the party whip and sit as independent members in Parliament.
- Companies House records show two blocked attempts to close Alaba's business, Alaba Properties, in 2022.
- Alaba denies trying to avoid his loan payments and says he will repay the loans by the end of the year.
- A Conservative MP called for more clarity and investigation into whether government officials had to intervene.
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