Finance

Billionaire Brexiteer James Dyson switches residency back to UK from Singapore

Vacuum cleaning tech billionaire Sir James Dyson has relocated his residency from Singapore to the UK, reversing a move he made two years previously.

The prominent Brexiteer now lives predominantly in the UK, according to filings made by companies he controls, including his family office Weybourne, Bloomberg reported.

Dyson switched his primary residence to Singapore in 2019 after the company said it would switch its headquarters there as it increasingly focused on the Asian market.

The entrepreneur was slammed for making the switch, given his forthright pro-Brexit stance.

Dyson was contacted for comment about the change to his residency.

READ Boris Johnson makes ‘absolutely no apology at all’ about Dyson texts

News of the switch back to the UK comes amid reports that Dyson was worried about his staff being exposed to UK tax last year. On 21 April, the BBC reported that Dyson had exchanged text messages with Prime Minister Boris Johnson over concerns the company’s staff travelling to the UK last year to work on a ventilator project could be exposed to tax.

Johnson texted Dyson back saying, “I will fix it tomo! We need you. It looks fantastic”.

Earlier, Johnson defended his actions in the House of Commons, saying: “I make absolutely no apology at all for shifting heaven and earth and doing everything I possibly could…to secure ventilators for people in this country.”

Dyson was assisting the government on a project to build ventilators in March 2020 when there were worries that Covid-19 could overwhelm the UK’s supply of artificial breathing machines.

READ Boris Johnson texted James Dyson to say he would ‘fix’ tax issue

In a statement, Sir James Dyson said: “It is absurd to suggest that the urgent correspondence was anything other than seeking compliance with rules.”

Last year, Dyson sold his Singapore penthouse for a reported S$62m (£35m), a year after buying it for S$74m.

To contact the author of this story with feedback or news, email James Booth

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