Jacob Rees-Mogg faces Commons inquiry over undeclared £6m loans

Standards commissioner launches investigation after complaint from Labour against Tory frontbencher

The parliamentary commissioner for standards has begun a formal investigation into Jacob Rees-Mogg after a complaint from Labour that he failed to declare that he received £6m in cheap loans from one of his companies.

The website for the commissioner, Kathryn Stone, has been updated to show that Rees-Mogg, the leader of the Commons, is among MPs being investigated. It says the inquiry concerns the section on rules for MPs connected to the declaration of employment and earnings.

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