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by  |  07-Jan-2016 14:29

In August 2015, Lady Mone resigned her directorships of both MJM International Ltd and Ultimo Brands International Ltd citing that she had "Hung up her bra and sold 80% of Ultimo”.

Mone described her 17 years of building up the Ultimo brand as a "roller coaster ride" and that she was looking forward to a "New Chapter".

Mone, previously a long-standing Labour Party supporter like her family, withdrew her support in 2009 pledging to leave the UK were Gordon Brown to increase the top income tax rate to 50%: she accused Prime Minister Brown of mismanaging the United Kingdom's finances stating that she was "disgusted by the Government's inept handling of the economic crisis".

Her inclusion drew criticism from other business leaders, however she proved her doubters wrong and was commended on the release of the review by powerful leaders such as the head of commercial banking for Europe at HSBC, Business secretary, and Secretary of State for Business, Innovation and Skills Sajid Javid, Ruth Lowbridge MBE, Executive Chair of the SFEDI Group and others.

Mone was interviewed for YOU Magazine in April 2016 when she said that she told peers that she was worried she would not ‘fit in’ at the Lords but said “every-time they try to bring me down, I fly higher”.

Lady Mone voted in favour of cuts to working tax credits in October 2015, a motion which was subsequently withdrawn by HMG.

Ian Stuart, Head of commercial banking for Europe at HSBC, said “I would like to personally add my support to this review.

As one of the leading commercial banks in the UK we are acutely aware of the challenges facing start-up businesses.

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