Renowned British inventor and entrepreneur James Dyson told Handelsblatt Britain’s decision to leave the European Union represents a great opportunity, despite predictions that Brexit could hurt British exporters like Mr. Dyson’s eponymous company.
Prime Minister Theresa May is set to trigger Article 50 of the Lisbon Treaty on Wednesday, officially launching the process of Britain leaving the European Union. Ms. May has made clear she also intends to pull out of the European single market for goods and services, though compromises with Brussels could still keep elements of it in place.
While many analysts predict this would hurt British exporters, Mr. Dyson told Handelsblatt Britain now has the opportunity to negotiate better trade deals with other countries.
He said the main advantage of Britain leaving the European Union would be regaining the power to determine its own laws and set its own tax rate. Mr. Dyson said he feels European and owns a house in France, but did not want to be governed by Europe.