Dyson calls UK approach to economy 'stupid'

Sir James Dyson has accused the authorities of having a "stupid" and "short-sighted" attack to the system and concern successful the UK.

The laminitis of exertion steadfast Dyson said maturation had "become a soiled word" during Rishi Sunak's premiership.

Writing successful the Daily Telegraph, the businessman urged the authorities to "incentivise backstage innovation and show its ambition for growth".

The BBC has contacted the authorities for comment.

A salient protagonist of Brexit, Sir James said the authorities believed it could "impose taxation upon taxation connected companies successful the content that penalising the backstage assemblage is simply a escaped triumph astatine the ballot box".

"This is arsenic short-sighted arsenic it is stupid. In the planetary economy, companies volition simply take to transportation jobs and put elsewhere," helium warned.

The high-profile businessman's comments travel aft the authorities announced successful the autumn £25bn worthy of taxation rises successful an effort to equilibrium the books and reconstruct credibility to the UK's finances aft the economical fallout of the Liz Truss and Kwasi Kwarteng mini-budget.

One of the galore mini-budget polices reversed was changes to corp tax, which is paid to the authorities by UK companies and overseas companies with UK offices. It is acceptable to emergence from 19% to 25% successful April.

UK businesses, arsenic good arsenic households, are besides dealing with the highest complaint of ostentation for 4 decades, with vigor bills driving terms rises done proviso chains.

In his remark piece, Sir James repeated his interest implicit working-from-home policies pursuing the tallness of the Covid pandemic.

He said the authorities had "yet to direct" workers to instrumentality to workplaces aft "ordering them to enactment astatine home".

"This has severely damaged the country's enactment ethic," helium said.

But the entrepreneur wrote that the UK could "turn things around, but lone if fast-growing companies are allowed to thrive here".

"And we volition person to enactment accelerated - it's a planetary contention and our competitors are hungry."

He said the authorities had a "role to play", which started with the outpouring Budget successful March.

"It indispensable incentivise backstage innovation and show its ambition for growth," helium said.