The Independent Has Approached Alaba for Comment

Labour MP Bayo Alaba has been suspended from the party whip after referring himself for investigation over questions about a Covid-era bounceback loan taken out by one of his businesses. Alaba, the MP for Southend East and Rochford, is understood to have referred himself to the Labour Party after The Times approached him with queries about the loan. The newspaper reported that he attempted to wind up one of his businesses before settling one of two bounceback loans he took out.

He is now repaying both loans, according to The Times. A Labour Party spokesperson said: "Bayo Alaba MP has referred himself to the Labour Party so that these matters can be investigated in line with the party's rules. The Labour Party expects the highest standards from our elected representatives and we have robust processes in place to ensure those high standards are upheld.

We cannot comment further while the investigation is ongoing. Alaba is understood to have agreed for the whip to be suspended while the investigation takes place. The suspension is a precautionary step and implies no finding of wrongdoing.

Mike Wood, the shadow Cabinet Office minister, told The Times: "These are concerning revelations and Alaba clearly has questions to answer. Alaba needs to come clean about whether he tried to avoid paying his debts, and ministers should tell us if they had to intervene to stop it. The public deserve the truth.

Bounceback loans worth between £2,000 and £50,000 were given to small and medium-sized businesses during the pandemic to help them through cashflow turmoil caused by lockdown periods. The Independent has approached Alaba for comment.