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Banchory
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22-01-2019, 06:15 PM
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A true Leaver

Not only does Dyson want the Leave the EU he’s going to leave the UK as well

https://news.sky.com/story/amp/brexi...apore-11614700

A true Brexiteer
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Realist
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22-01-2019, 06:23 PM
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Re: A true Leaver

Not so much about BrExit as rather planning in case a Marxist Corbyn government is established. He's protecting his wealth and future.

Fair play
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Banchory
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22-01-2019, 06:36 PM
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Re: A true Leaver

Originally Posted by Realist ->
Not so much about BrExit as rather planning in case a Marxist Corbyn government is established. He's protecting his wealth and future.

Fair play
At this juncture in time what kind of message is Dyson sending about the attraction of the UK for big businesses

If you’re synopsis is to be believed then we will be seeing all the major corporations moving their tax. See out of the UK.

Putin will be. Celebrating with you
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22-01-2019, 06:50 PM
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Re: A true Leaver

It's up to James Dyson how he runs his business
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Banchory
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22-01-2019, 08:01 PM
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Re: A true Leaver

Originally Posted by Bread ->
It's up to James Dyson how he runs his business
It is and the message his decision sends to the world is very clear
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Bread
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22-01-2019, 08:08 PM
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Re: A true Leaver

Originally Posted by Banchory ->
It is and the message his decision sends to the world is very clear

And what's that?
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22-01-2019, 09:11 PM
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Re: A true Leaver

Business moves on despite Brexit.....And so it will without being a member of the EU.
Regardless of what Brussels want you to believe, the UK is the second most populated country in Europe, such a large market that will not be ignored by any country especially Germany and France where we buy a large proportion of their vehicles, they will exert pressure on Brussels to allow trade with the UK should we leave without a deal.......

Dyson has announced that it is moving its headquarters to Singapore, from Malmesbury in Wiltshire.


The move by the appliance maker means two executives will relocate - chief financial officer Jorn Jensen and chief technical officer Martin Bowen.

Other work at Malmesbury will not be affected and no jobs will be lost.

Chief executive Jim Rowan said it was not to do with Brexit or tax but added: "It's to make us future-proof for where we see the biggest opportunities."

He added: "We have seen an acceleration of opportunities to grow the company from a revenue perspective in Asia. We have always had a revenue stream there and will be putting up our best efforts as well as keeping an eye on investments.

"We would describe ourselves as a global technology company and in fact we have been a global company for some time. Most successful companies these days are global."

British bases
Dyson already has a presence in Singapore and in October announced plans to build its new electric car in its new factory there.

Most of its products are designed in the UK, but manufactured in Asia.

Sir James Dyson: From barrows to billions
Dyson wins ruling over vacuum cleaner tests
Dyson gears up for electric car testing
The company was keen to stress that it will still be investing money in its British bases.

Mr Rowan said it would be spending £200m in new buildings and testing facilities in Hullavington, and £44m in refreshing office space and adding new laboratories in Malmesbury as well as investing £31m for the young undergraduates at its university on the same site.

"Malmesbury has been the epicentre for us and we will continue to invest all over the UK," he added.

"The tax difference is negligible for us," added Mr Rowan, who confirmed that the company would be registered in Singapore, rather than in the UK.

"We are taxed all over the world and we will continue to pay tax in the UK."

Analysis:
Theo Leggett, business correspondent

Dyson's chief executive Jim Rowan said today he would describe the business as a global technology company.

However, because its roots are in Britain and its founder Sir James Dyson has been a vocal supporter of Brexit, the decision to move its headquarters to Singapore is likely to make political waves.

In practical terms, the change is a minor one. Two senior executives will be transferred to the Singapore office, where the company itself will now be registered.

There will be no impact on its 4,000 workers in Britain, and according to Mr Rowan, little impact on its tax affairs either. In 2017, it paid £95 million to the Exchequer.

It will continue to invest in its UK research and engineering sites in Malmesbury, London and Bristol, as well as a new centre in Hullavington, where it plans to develop a groundbreaking electric car.

But the change is still highly symbolic.

Dyson has made it clear its centre of gravity now lies in Asia, where it sees the biggest opportunities for growth.

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22-01-2019, 09:33 PM
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Re: A true Leaver

This has got nothing to do with B .....

But the journos have manages to inject the B word 9 times.

FFS
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Mel15
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22-01-2019, 09:35 PM
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Re: A true Leaver

So his product is already made overseas

I can’t see how what he says has any credibility at all
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marmaduke
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22-01-2019, 09:40 PM
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Re: A true Leaver

He is keeping ( investing in the uk ) most of his parts are already sourced outside Europe .... he is planning building an electric car in Asia so isn’t really a story at all
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