Is there a process for removing a peerage? Asking for an incoming Labour government.

This is the best summary I could come up with:

A representative of Barrowman told the Guardian that the Isle of Man-based businessman was an investor in PPE Medpro, and chaired and led the operation to supply personal protective equipment.

The representative said: “The UK government was fully aware of Baroness Mone’s involvement; like many other peers and MPs on the high priority lane, she acted as an intermediary/liaison between PPE Medpro and the Cabinet Office/Department of Health and Social Care.”

The representative added that Barrowman, who runs the Knox Group, a tax and wealth advisory firm in the Isle of Man, “was the chairman and leader of the PPE Medpro consortium that supplied the UK government”.

The Department of Health and Social Care (DHSC) granted PPE Medpro two contracts in May and June 2020, near the start of the pandemic, to supply millions of face masks and sterile surgical gowns, for a total of £203m.

Last November the Guardian reported that leaked HSBC bank documents indicated Barrowman was paid at least £65m from PPE Medpro’s profits, then transferred £29m into a trust for Mone and her three adult children.

“Both Doug Barrowman and his wife, Baroness Mone, made a full written disclosure of their involvement to the Cabinet Office prior to the award of the PPE contracts,” he said.

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