Billionaire James Dyson criticizes UK Chancellor's budget as harmful to entrepreneurship and family businesses.

Billionaire inventor Sir James Dyson criticized UK Labour Chancellor Rachel Reeves' budget, labeling it "spiteful" and harmful to entrepreneurship. The budget includes a 20% inheritance tax on estates and farms valued over £1 million, which Dyson argues will jeopardize family businesses. He claims the measures, aimed at raising funds for public services, could stifle growth and innovation. The changes are expected to raise £520 million by 2030, but many entrepreneurs express concern over their impact.

November 03, 2024
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