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Jeremy Corbyn has sacked Labour peer Lord Mendelsohn from his frontbench job after he attended the Presidents Club dinner.

A Labour Lords spokesman said the Labour leader had asked the life peer to resign from his job as an opposition spokesman on Business, Energy and Industrial Strategy, and he had agreed to do so.

The spokesman added: “Lord Mendelsohn has previously made clear that he attended part of the dinner as President of a charity that received support from the event and he had no knowledge of an after-party.

“Lord Mendelsohn did not witness any of the appalling incidents described in reports and has unreservedly condemned such behaviour.”

A spokesperson for Jeremy Corbyn, said: "It's right that Lord Mendelsohn has stepped down. The reports about this appalling event were deeply shocking and there can be no excuse for anyone's attendance."

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Theresa May last night declared she was "frankly appalled" by revelations of the Presidents Club, which announced it would end all its charity events yesterday in the wake of a scandal.

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She told Bloomberg: "This is about attitudes. And it’s about saying actually women are not objects just to be used by men.

"We are equals, we have our own position, our own abilities, and that should be respected."

Tory Children’s Minister Nadhim Zahawi was at the Presidents Club gala dinner, where 130 “tall, thin and pretty” women served 300 men at “the most un-PC event of the year”.

Mrs May, who is visiting the World Economic Forum in Switzerland where she will meet Donald Trump, said: "I thought that sort of attitude of the objectification of women was something that was in the past.

(Image: PA Archive/Press Association Images)

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"Sadly what that event showed is there is still a lot more work for us to do."

Mr Zahawi was called to a meeting with the Tory chief whip in Downing Street last night.

A No10 source said he would be “disciplined” and asked “to explain himself”.

The minister tweeted earlier: “I condemn this behaviour. I will never attend a men-only function ever”.

Mr Zahawi "was uncomfortable about what happened at the dinner and left the dinner on that basis," the Prime Minister said.

The club said it would shut down as the furore grew. Charities said they would return its donations, with Great Ormond Street children’s hospital in London handing back £530,000.