Ultimo boss will turn back on independent Scotland

Ultimo’s owner Michelle Mone has stated she will move her company’s headquarters from Scotland to England if the country votes for full independence in a referendum.

The Scottish entrepreneur, who won an OBE in 2010 in recognition of her business success, says that the SNP’s plan for independence would force her to head south of the border.

"I will move my business and I will move personally," she told the Sunday Times newspaper. "I don’t think we can survive on our own and I think it would be really bad for business.”

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The office of the Scottish Finance Secretary John Swinney, responded: "This is a time to talk positively about Scotland, and we will be very happy to meet with Ms Mone to discuss our nation’s future.

“The reality is that major international companies are voting with their feet by bringing major investments to Scotland – including Amazon, Avaloq, Gamesa, Mitsubishi, Ceridian, Bank of New York Mellon and Atos – and with the powers to deliver lower corporation tax, which only independence offers, we can achieve even more.

"Scotland is attracting more inward investment jobs than anywhere else in the UK, including London, and independence will see Scotland become the sixth wealthiest country per head in the OECD. Scotland will have a £1 trillion asset base in the form of Scotland’s North Sea oil and gas reserves – at the same time as the UK is now £1 trillion in debt."

The referendum is being promised by Alex Salmond, Scotland’s First Minister, in 2014, but is fiercely opposed by all major Westminster political parties.

 

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