Dyson launches scathing attack on Sunak’s Government
The South West’s most prominent business leader has launched a scathing attack on Rishi Sunak and the Conservative Government.
Sir James Dyson was an out-spoken supporter of Brexit and is also one of the wealthiest individuals in the UK. His net worth is estimated at £23bn.
His intervention, which took the form of a an article in the Daily Telegraph, came on the day the Government announced its next round of spending under the levelling up agenda.
He labelled the current Government and its economic policies short sighted and stupid.
The Wiltshire entrepreneur claimed “growth has become a dirty word” under the current government and pointed out and that on current trends, the average British family will be poorer than their Polish counterparts by 2030.
He said: “The Government seems intent on moving in the opposite direction with the introduction of suffocating regulation, greater interference with business, and thinking it can impose tax upon tax on companies in the belief that penalising the private sector is a free win at the ballot box.
“This is as short-sighted as it is stupid.
“In the global economy, companies will simply choose to transfer jobs and invest elsewhere. Our country has an illustrious history of enterprise and innovation, born of a culture which we are in the process of extinguishing. We have got through the worst of Covid, but risk wasting the recovery.”
Sir James said the government’s failure to get workers back into offices after the pandemic had “badly damaged the country’s work ethic”.
He also claimed his business, which makes vacuum cleaners, fans and hairdryers, has been successful “despite government, rather than because of it”.
He added: “It is not too late for Britain to shake off its Covid inertia if the government acts fast.
“Starting with the spring budget in March, it must incentivise private innovation and demonstrate its ambition for growth.”
Michal Gove, the Levelling-Up Secretary said the Government had pledged to tackle the burden of EU regulation.
He said: “I respectfully disagree with him We are spending £20billion on research and development across the country.
“We are absolutely committed to economic growth and earlier this week the Cabinet was looking at how we can improve regulation in a variety of areas, some of which are very close to Sir James’s heart.”