Sir James Dyson dismisses EU tariff fears of hard Brexit

It's no catastrophe if Britain can't agree a deal to stay in the single market, says inventor as he pledges to plug UK shortfall of engineers via his new college

Sir James Dyson, the billionaire inventor, has said it would not be a "catastrophe" if Britain cannot agree a deal to remain part of the European single market and has to pay tariffs on exported goods.

Dyson, one of the most prominent business supporters of Brexit before the referendum, said that the British economy and its companies are doing "rather better than everybody thought" since the vote.