James Watt has additionally recommended the UK is work-shy and solely exhausting graft will result in prosperity, which is missing within the nation.
It comes on the day Work and Pensions Secretary Liz Kendall proclaims 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.
Picture:Work and Pensions Secretary Liz Kendall. Pic: PA
The evaluate will probably 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.
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2:06
2:06Incapacity advantages evaluate presents alternatives
Mr Watt, who stepped down as BrewDog chief govt final Might, made headlines earlier this month after posting a video with fiancee Georgia Toffolo by which they stated they don’t imagine 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 feel the Labour authorities definitely haven’t helped companies and haven’t helped founders.
“I feel the funds is actually, actually dangerous for the UK and induced plenty of harm. And I feel the UK perspective in direction of success and perspective in direction of entrepreneurs doesn’t 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 economy is heading towards recession’
Mr Watt was scathing in regards to the nation’s financial prospects, saying: “The UK economic system is heading in direction of a recession, now we have debt ranges that are manner too excessive, we are attempting to tax our option to financial prosperity, which I don’t suppose will work in any respect.
“And all the chancellor has done is make it very, very difficult for businesses to employ people, which I think in turn is going to lead to four years of economic pain.”
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0:58
0:58How the funds may affect 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 acquired now a million younger individuals not in training, employment or coaching. That’s horrible for his or her future life probabilities, as a result of we all know if you happen to’re out of labor and also you don’t have abilities once you’re younger, it could actually have lifelong penalties.
“That’s why we will have a youth guarantee. So every young person is earning or learning. No ifs, no buts.”
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1:14
1:14What does funds imply for younger individuals?
‘We won’t means take a look at’ 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 newest in a line of enterprise leaders who’ve warned the funds will result in corporations laying individuals off this yr.
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.
