... referendum, the first of many !!!!!!!
MICHELLE MONE, one of Britain’s most successful women entrepreneurs, says she will move her lingerie empire from Scotland to England if the Scottish National party wins a referendum on independence.
The creator of the Ultimo underwear range is the first prominent Scottish business figure to announce plans to leave an independent Scotland which, she believes, would be unable to sustain itself without higher business taxes and a rising cost of living.
Mone, whose Glasgow-based company, MJM International, had a turnover of £42m last year, said independence would make her the “saddest woman ever” and claimed to know of several other high-profile entrepreneurs who would follow her lead if Scotland broke away.
“I am so passionate for Scotland but I have to say that if we do become independent, I will move. I will move my business and I will move personally . . . I love Scotland but, under independence, I would have no choice.”
She added: “I don’t think we can survive on our own and I think it would be really bad for business.”
Mone, 40 — whose push-up bras were worn by Julia Roberts in the film Erin Brockovich and who has modelled her own lingerie — also took a swipe at members of the Scottish parliament.
Danny Alexander, chief secretary to the Treasury, warns the public, English and Welsh taxpayers would have to bail out an independent Scotland if it went bust. He said that if Scotland maintained monetary union with the rest of Britain, the Bank of England could end up acting as its lender of last resort.
“Would you trust them to run Scotland as a business? No, is the answer . . . Why would you trust these guys, all they do is fight in parliament with their big egos. I would never trust any of them. It’s too much of a gamble,” she said.
Sunday Times 29 Jan 2012.