Billionaire Man United Owner Says He Has Lost Confidence In The UK
Sir Jim Ratcliffe blamed high taxes and immigration as he warned low European gas storage could leave the UK short this winter.
- On Friday, Manchester United co-owner and Ineos founder Sir Jim Ratcliffe said he had lost confidence in the UK, describing it as "on the slide" due to high taxes and immigration.
- Speaking in Denmark at a carbon capture project launch, Ratcliffe warned that failing to invest in North Sea oil and gas was "insanity" and claimed low storage levels could leave the UK vulnerable to winter shortages.
- Energy consultancy Cornwall Insight reported EU gas storage at about 69%, below the typical 85% for this time of year; however, Stonehaven analyst Adam Bell said supplies were not "catastrophic."
- Education Secretary Bridget Phillipson responded Sunday, saying she would take the comments with a "pinch of salt" while maintaining the government remains "optimistic about our country's prospects."
- Ratcliffe, a tax resident in Monaco since 2020, exemplifies a broader trend of billionaire departures; hedge-fund boss Chris Rokos recently left the UK for Greece, raising concerns about the nation's ability to retain major investors.
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36 Articles
Minister Torches Billionaire Man Utd Owner Who Claimed Britain Is 'On The Slide'
Bridget Phillipson and Jim RatcliffeBridget Phillipson tore into Jim Ratcliffe after the British billionaire claimed the UK is “on the slide”.Ratcliffe, who owns Manchester United football club and has lived in tax-free Monaco since 2020, claimed: “If you continue to tax everyone to death, they’re all going to leave. And that’s what’s happening.”“I think the UK is on the slide,” he told the BBC, insisting “tough” politicians have to make decisio…
British tycoons raise the alarm over state of UK economy
Two of Britain’s wealthiest business chiefs have launched fierce criticism against government policies and the health of the UK economy. Billionaire energy boss Sir Jim Ratcliffe and gambling entrepreneur Fred Done have separately warned about the state of the economy and direction of policy in the past 48 hours. In particular, the business chiefs claimed [...]
Manchester. British Sir Jim Ratcliffe, owner of Manchester United, reiterated that the UK “is in decline” due to the migration problem, while the team is struggling in the field.
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