James Dyson, the UK's wealthiest individual with a fortune of $21 billion, has criticized the recent tax hikes on businesses introduced in Chancellor Rachel Reeves' first budget.
In an opinion piece for The Times, Dyson described the fiscal measures as "spiteful," warning that they could hinder economic growth and potentially lead to the "death of entrepreneurship."
He expressed concern that small businesses would be most affected by these tax increases, which could stifle innovation and investment in the UK.
Dyson's comments reflect a broader apprehension among business leaders regarding the impact of government fiscal policies on the entrepreneurial landscape.