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Brexit sucks the air out of Dyson's Singapore move

Bloomberg Opinion
Bloomberg Opinion1/23/2019 07:47 AM GMT+08  • 2 min read
Brexit sucks the air out of Dyson's Singapore move
(Jan 23): Vacuum billionaire James Dyson’s decision to move the headquarters of his eponymous firm from an English market town to the bustle of Singapore will inevitably be seen as a verdict on Brexit – whatever the company says to the contrary.
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(Jan 23): Vacuum billionaire James Dyson’s decision to move the headquarters of his eponymous firm from an English market town to the bustle of Singapore will inevitably be seen as a verdict on Brexit – whatever the company says to the contrary.

Dyson supported Britain’s campaign to leave the European Union, citing labour laws which he said force him to hire engineers from the trading bloc instead of better qualified equivalents from, for example, Asia. With Brexit stuck in parliamentary purgatory, it looks like the entrepreneur may have just decided to cut and run to where the talent, the manufacturing and the market are. If you can’t re-create Singapore, move to Singapore.

Dyson has also made his irritation with British corporate governance rules known before. Last year, he complained about the UK requirement that closely held companies file publicly available accounts – a regulation that hands an advantage to overseas rivals, he told the Financial Times in an interview.

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