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James Dyson
"It's very difficult to get land"
 real 28k

Tuesday, 15 February, 2000, 09:48 GMT
Dyson goes abroad

Dyson's DC06 vacuum cleaner Dyson's new DC06 - it's a vacuum cleaner, but not as we know it


High interest rates and the UK's refusal to join the euro have persuaded the inventor and entrepreneur James Dyson against building a new factory in Britain.

Mr Dyson is best known for the invention of the bagless vacuum cleaner and a wheel barrow that can't tip over.

Speaking to the BBC, Mr Dyson blamed the strong pound for his decision.

James Dyson James Dyson
"The problem is that the pound is overvalued by 30%. When we export we are 30% more expensive," he said.

"We are becoming a very international business and our exports are doubling every year."

His company employs 1,800 people in Malmesbury, Wiltshire. Staff there will not be affected, he told BBC Radio 5 Live.

Dyson has between 50m and 60m in overseas annual sales.

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