11 hours ago
Labour waging ‘war on aspiration' that will devastate economy, warns vacuum tycoon Sir James Dyson
LABOUR is waging a punitive 'war on aspiration' that will devastate the economy, vacuum tycoon Sir James Dyson warns today.
The self-made billionaire says will drive talent out of Britain and strangle growth.
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In a withering verdict of the Chancellor's policies, he writes in The Sun: ' Labour is out to destroy.
'Those who aspire to create wealth and jobs, and those who grow our food, will all be punished. They hate those who set out to try, with an animus.'
Sir James - ranked 4th in the Sunday Times Rich List with an estimated £20.1billion worth - accuses ministers of 'vindictive' actions because their measures will 'harm the economy'.
Ms Reeves used her first Budget to increase taxes by £40billion - including a £25billion National Insurance raid on bosses - as well as taking away relief from farmers.
Meanwhile Angela Rayner's package of employment rights laws will saddle bosses with costly regulations.
Sir James warns: 'If Labour and the political class truly want long-term growth, they should ditch the new taxes and regulations that attack aspiration.'
Last night the Treasury hit back: 'We are a pro- business government.
Economic activity is at a record high with 500,000 more people in employment since we entered office.
'We are protecting the smallest businesses from the employer National Insurance rise, shielding 250,000 retail, hospitality and leisure business properties from paying full business rates and have capped corporation tax at 25 per cent - the lowest rate in the G7.'
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