We don’t need EU deal, says Dyson

The Daily Telegraph - Business - - Front Page - By Alan Tovey

BRI­TAIN should make a “clean break” from the EU and aban­don at­tempts to thrash out a tran­si­tional deal, ac­cord­ing to Sir James Dyson.

The vac­uum cleaner en­tre­pre­neur said it was “quite wrong” to call the EU a “sin­gle mar­ket”, say­ing com­pa­nies op­er­at­ing across Europe al­ready face dif­fer­ent lan­guages and laws. He claimed the EU was “ac­tu­ally a very highly com­plex and bro­ken up mar­ket” and that Bri­tain should in­stead fo­cus on other fast-grow­ing mar­kets.

Speak­ing to the BBC as the first stu­dents be­gan study­ing at Dyson’s own en­gi­neer­ing and tech­nol­ogy “univer­sity” at the com­pany’s Wilt­shire head­quar­ters, Sir James called for Bri­tain to move straight to a trade tar­iff sys­tem. “Europe is a de­clin­ing part of world trade. The fastest grow­ing sec­tor is in the Far East, China … That’s where the op­por­tu­ni­ties are – not Europe,” he said.

Ear­lier this year the com­pany, which makes its prod­ucts in the Far East, ac­quired a for­mer RAF air­base in Wilt­shire to help it ex­pand.

Sir James said own­ing the site raised the pos­si­bil­ity of the firm – which has an­nual sales of £1.7bn and prof­its of £450m – restart­ing pro­duc­tion in the UK.

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