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Bra entrepreneur threatens to bust out of an independent Scotland

Category: Scotland Business News — Paul Morgan on January 30, 2012

Michelle Mone, the lingerie tycoon behind the Ultimo brand, has got her opinions on the Scottish independence debate off her chest, by claiming she is prepared to move to England in the event of a ‘Yes’ vote.

Mrs Mone is the owner of MJM International which is presently based in East Kilbride, on the outskirts of her home town of Glasgow. However, in an interview with The Sunday Times she claimed she would move both her business and her home to London.

She is off the belief that Scotland would not be able to survive on its own and expects that “everything would go up” under independent rule.

Responding to the comments on the BBC’s Andrew Marr show, First Minister Alex Salmond countered the claims by saying the plans under independence were

“to lower business tax”.

The concerns from Mrs Mone, one of the UK’s most successful business women, have been echoed by a number of other leading figures in the Scottish business world too.

As commercial finance in Scotland becomes increasingly hard to come by, many company owners are worried as to what the future holds.

Mr Salmond has tried to appease business leaders by also saying that independence would strengthen the economy, with plans created to attract new businesses.

However, with a growing band of influential people voicing concerns with the move, it shows there is still a lot of work for republican Scotland supporters to do to welcome a clear majority into the bosom of an independent country.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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