Cable and Alexander knighted
Lingerie boss Mone confirmed among new Tory peers
She is among 45 appointments announced by the Prime Minister and joins a number of Conservative party officials and former special advisers in the latest batch of honours.
Former business secretary Vince Cable and former chief secretary to the Treasury Danny Alexander are to receive knighthoods.
Ms Mone, who recently resigned from the boards of Ultimo and MJM International, has been subject to fierce debate over her suitability to lead an inquiry. A number of businessmen have labelled her lightweight and more of a publicity seeker.
However, her supporters say her difficulties and setbacks will give her a good grounding in the sort of difficulties other start-ups are facing. She begins her 10-month tour of deprived areas of Britain in next month.
Former Foreign Secretary William Hague and ex-Health Secretary Andrew Lansley are among others nominated for the Lords by Mr Cameron. Other former MPs include Sir George Young, Greg Barker, David Willetts and James Arbuthnot.
Mr Cameron’s former political adviser James O’Shaughnessy, along with Philippa Stroud, who has worked as a special adviser to Iain Duncan Smith, will also join the second chamber.
The Liberal Democrats, with just eight MPs, have nominated 11 life peers, seven of whom served as MPs in the last government.
Labour have made fewer nominations – eight – with former Cabinet ministers David Blunkett, Alistair Darling, Peter Hain and Tessa Jowell joining the upper house.
Former MPs Dave Watts, Paul Murphy ajnd Dawn Primorolo – a deputy speaker in the last Parliament – were are also on the list, along with Ed Miliband’s campaign strategist Spencer Livermore.