James Dyson and Jeremy Corbyn ‘have diametrically opposed views on business’, according to an insider

Fears over a Jeremy Corbyn government were pivotal to Sir James Dyson’s decision to move his corporate headquarters to Singapore.

The vacuum cleaner tycoon sparked controversy last week when he revealed plans to shift his head office from Malmesbury in Wiltshire to the city state, citing a desire to “future proof” his £4.4bn empire.

Dyson, a vocal backer of Britain’s exit from the EU, said the move had nothing to do with Brexit and was a logical step as he targeted the fast-growing Asian market.

However, it is understood that Dyson’s concern about the growing possibility of a hard-left Labour government was a central factor in his decision to move the registered office to the low-tax jurisdiction.

“A general election is not out of the