James Watt has additionally steered the UK is work-shy and solely arduous graft will result in prosperity, which is missing within the nation.
It comes on the day Work and Pensions Secretary Liz Kendall pronounces a brand new evaluate named “Keep Britain Working” in an effort to help individuals with long-term sicknesses or disabilities again into work, whereas making an attempt to decrease the ballooning welfare invoice.
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Work and Pensions Secretary Liz Kendall. Pic: PA
The evaluate will likely be led by former John Lewis chairman Sir Charlie Mayfield at a time when round 3.7 million individuals of working age obtain health-related advantages, which is 1.2 million greater than in February 2020.
Britain is now spending extra on incapacity and incapacity advantages (nearly £65bn) than defence – and that determine is about to rise.
Mr Watt, who stepped down as BrewDog chief govt final Could, made headlines earlier this month after posting a video with fiancee Georgia Toffolo by which they stated they don’t consider in a “work-life balance”.
He’s launching an entrepreneurial competitors present named Home Of Unicorns in a bid to discover a start-up firm with a £2m prize.
He stated: “I think the Labour government certainly haven’t helped businesses and haven’t helped founders.
“I feel the funds is basically, actually dangerous for the UK and brought about a variety of injury. And I feel the UK angle in the direction of success and angle in the direction of entrepreneurs does not assist us.
“When you contrast that with the American attitude towards success that is one of the reasons you see so many more founders and entrepreneurs in America versus the UK at the moment.”
‘UK financial system is heading in the direction of recession’
Mr Watt was scathing in regards to the nation’s financial prospects, saying: “The UK economy is heading towards a recession, we have debt levels which are way too high, we are trying to tax our way to economic prosperity, which I don’t think will work at all.
“And all of the chancellor has accomplished is make it very, very troublesome for companies to make use of individuals, which I feel in flip goes to result in 4 years of financial ache.”
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0:58
How the funds may influence workers
Work and pensions secretary defends funds
However the work and pensions secretary defended the funds, insisting it was not a tax on jobs.
“We’ve got now one million young people not in education, employment or training. That is terrible for their future life chances, because we know if you’re out of work and you don’t have skills when you’re young, it can have lifelong consequences.
“That is why we may have a youth assure. So each younger particular person is incomes or studying. No ifs, no buts.”
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What does funds imply for younger individuals?
‘We cannot means check’ pension triple lock – Liz Kendall
Ms Kendall additionally doubled down on her dedication to the state pension triple lock regardless of the need to chop the welfare invoice.
“We won’t means test it,” she stated. “We committed to the triple lock because we believe current pensioners and future pensioners deserve to be able to plan with security.”
Mr Watt nevertheless is the most recent in a line of enterprise leaders who’ve warned the funds will result in firms laying individuals off this 12 months.
It comes as new figures launched this week confirmed a rise in unemployment and a fall in vacancies at a time by which the inhabitants continues to develop.
