UK

Sir James Dyson's Vision For Post-Brexit Britain Is Raising A Few Eyebrows

'Families will pay the price'.

12/11/2017 12:55 GMT | Updated 13/11/2017 09:02 GMT

Billionaire businessman Sir James Dyson has said it is time to walk away from negotiations with the EU and a post-Brexit Britain should scrap corporation tax and make it easier to hire and fire workers.

The entrepreneur, who campaigned for Leave in the referendum, said it was quite outrageous that “incredibly unreasonable” Brussels is demanding “billions and billions”.

Speaking on The Andrew Marr Show, he said: “I don’t think it is the Government’s fault, I think the problem is the people we are negotiating with.

“I think they are demanding billions and billions to leave is quite outrageous. And demanding it before we have negotiated anything is outrageous.

“I would walk away, I think that is the only way to deal with them.”

Multiple assessments of what a “no-deal Brexit” would look like for Britain suggest it would be far from rosy for most people with poorest families the hardest hit.

The inventor, who made huge a increase in profits after shifting production of his vacuum cleaners to Malaysia from the UK in 2003, also wants it easier to hire and fire workers arguing “not being able to flex your workforce is another big reason why you wouldn’t start or expand a manufacturing business”.

And he said corporation tax should be “eliminated” adding it is a “very odd thing because there are ways of getting around paying it”.

“You shouldn’t really be taxing profits, you should allow profits to be reinvested.”

Dyson’s comments caused consternation from many people.

Whilst some questioned why he was even on the show in the first place.

Dyson was also asked about production of his company’s upcoming and still highly-secret electric car but refused to say if production would be based in the UK or the Far-East.

Dyson’s inspiration to start building an electric car reportedly came from his passion to combat air pollution.

In 1993 a team had Dyson had actually worked on a cyclonic filtration system that could trap harmful particles coming from a diesel vehicle however it never took off.

 

DYSON