Maiden speech in Lords
Mone urges help to beat loneliness of running a business
Her speech on women’s representation and empowerment came on the eve of International Women’s Day.
She called on her own report to the government on start-up funding to highlight some of the obstacles she said that women still face when building businesses.
She said just one in five small and medium-sized enterprises in Britain are led by women and that loneliness and lack of confidence held women back.
“As a working mum of three I know how hard it can be,” she said.
“Being an entrepreneur can be the loneliest job in the world and that’s why being part of networks, support and mentoring is vital.
“If we were to utilise all the women currently out of work in the UK, it is predicted we would see economic benefits of between £15 and £21 billion per year. That’s more than the total value of all UK exports to China.”
Her maiden speech comes five months after she first took her seat in the Lords as a government appointee.
She admitted in her address that she feared she would not ‘fit in’ among the other peers in the Chamber.
She quoted the words from “Greatest Love Of All” by the late singer Whitney Houston.
She said she loved music and cherished the song’s line: “I believe the children are our future, teach them well and let them lead the way.”