Dyson backs Brexit saying British trade would not be left in a vacuum
Sir James Dyson has rubbished claims British international trade would suffer outside the EU as he backed the campaign to leave Europe.
The billionaire inventor branded warnings that Britain would be shunned in international markets in the event of a Brexit as "absolute cobblers".
Speaking to the Daily Telegraph, he criticised employment restrictions for non-EU workers as "crazy" and vented frustration that some British-trained engineers are unable to stay after graduating from university.
Doing business on the continent had left him with the belief that EU powers "protect vested interests," Sir James said, as he called David Cameron and George Osborne "fundamentally wrong" in campaigning to Remain.
"I don't just mean from the business point of view, I mean from the point of view of sovereignty," he told the newspaper.
"We will create more wealth and more jobs by being outside the EU. We will be in control of our destiny. And control, I think, is the most important thing in life and business.
"The last thing I would ever want to do is to put myself in somebody else's hands. Not just the other countries, but the Brussels bureaucrats."
Sir James said that EU attempts to impose tariffs on British businesses trading from outside would be countered by the same measures on European businesses hoping to sell on the UK market.
"The EU would be committing commercial suicide to impose a tariff because we import £100 billion [of goods] and we only send £10 billion there," he commented.
The entrepreneur is best known his radical redesign of the humble vacuum cleaner which, alongside a series of other innovations, has made him one of Britain's wealthiest people with a reported £3.2 billion fortune.
He warned that such blue-sky thinking nurtured in British institutions was being lost due to EU-controlled visa rules favouring workers, including unskilled migrants, from within the bloc.
"Why on earth would you chuck out researchers with that valuable technology which they then take back to China or Singapore and use it against us?"