Published • loading... • Updated
Billionaire Man United Owner Says He Has Lost Confidence In The UK
Ratcliffe said the UK is on the slide and warned that higher taxes, weak energy policy and low gas storage are driving away investment.
- Sir Jim Ratcliffe, founder of Ineos and Manchester United owner, said he has lost confidence in Britain, describing the country as "on the slide" due to high taxes and immigration.
- Living in Monaco since 2020, the billionaire supporter of Brexit claims the "politics of envy" is driving wealth away from Britain. He warned, "If you tax everybody to death, they're all going to leave."
- Warning that the UK could "run out of gas" during a cold snap, Sir Jim labeled failing to invest in North Sea oil and gas "insanity," arguing the government should exploit natural resources.
- Consultant Adam Bell of Stonehaven countered that supply shortages are unlikely, while the government defended its diverse energy mix, asserting it remains "confident in our security of supply."
- Prime Minister Andy Burnham faces pressure to finalize decisions on Rosebank and Jackdaw oil fields, as the government maintains the transition to clean power is essential for long-term financial security.
Insights by Ground AI
7 Articles
7 Articles
INTELLINEWSReposted by 
theliberationnews.ng
theliberationnews.ngIneos founder Sir Jim Ratcliffe tells the BBC he thinks the country is "on the slide" and calls for more investment in the North Sea. Source link :
Manchester United co-owner Sir Jim Ratcliffe has explained what his other issue is with the UK Government, apart from its racist approach to immigration issues.
Coverage Details
Total News Sources7
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
Factuality
To view factuality data please Upgrade to Premium
