Jan 19, 2023
Dyson calls UK approach to economy 'stupid'
Sir James Dyson has accused the government of having a "Stupid" and "Short-sighted" approach to the economy and business in the UK. The founder of technology firm Dyson said growth had "Become a dirty word" during Rishi Sunak's premiership. Writing in the Daily Telegraph, the businessman urged the government to "Incentivise private innovation and demonstrate its ambition for growth". A prominent supporter of Brexit, Sir James said the government believed it could "Impose tax upon tax on companies in the belief that penalising the private sector is a free win at the ballot box". The high-profile businessman's comments come after the government announced in the autumn £25bn worth of tax rises in an attempt to balance the books and restore credibility to the UK's finances after the economic fallout of the Liz Truss and Kwasi Kwarteng mini-budget. One of the many mini-budget polices reversed was changes to corporation tax, which is paid to the government by UK companies and foreign companies with UK offices.
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