Sir James Dyson skewers Rachel Reeves' 'spiteful' Budget - 'death of entrepreneurship'
Sir James Dyson has skewered Labour Chancellor Rachel Reeves' Budget, warning it will be the "death of entrepreneurship".
Writing in the Times, the billionaire inventor and founder of the Dyson company, has accused the Chancellor of "spiteful" politics after she raised inheritance tax on farms, family businesses and multi-million pound estates, as well as raising taxes on school fees.
From this perspective, Reeves probably knew what she was doing because political spite does appeal to a large number of voters.
I don't think much of his vacuum cleaners, but Dyson does have a point.
6 comments:
We can wonder whether Labour is doing things out of spite, or stupidity. Are they trying to settle scores by harming the economy, or are they genuinely trying to raise taxes in the best way they know how, but are thick as mince?
It's a purely academic question, of course, but it's got to be one of the two.
20% of the eligible voters wanted this?
Sam - thick as mince is my best guess. Spite and settling scores too, but not in an intelligent way, in that they seem unaware that they carry the can for failure, nobody else.
Anon - 20% at most, could be considerably less.
"... Reeves probably knew what she was doing because political spite does appeal to a large number of voters. ..."
This is the point so many people fail to grasp. You cannot judge the efficacy of some action or plan, unless you know what it was intended to do. Like the hunting ban, VAT on school fees, IHT on family farms, and so many more, these policies are nothing to do with animal welfare, or education, or agriculture; they are simply the means of shafting the kinds of people who do or enjoy those activities.
Labour is a pure class warfare play - nothing else matters. Once you understand this, everything they do makes sense - on their terms.
Peter - I agree and this government has rammed home the message good and hard. It's about class warfare with no concept of political give and take.
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