Britain’s chemical industry dying out, says Jim Ratcliffe
- Production has ended at the last ethanol plant in Britain, which was one of only two in Europe, affecting 500 jobs according to Ineos.
- Sir Jim Ratcliffe claims the UK chemical industry is dying due to high energy costs and carbon taxes, making it unable to compete with producers in other countries.
- The Chancellor, Rachel Reeves, faces political pressure to improve the economy as bond markets show lowered confidence in the government's strategy for growth.
- A Deloitte survey reveals CFOs prioritize cost-cutting over investment due to increased payroll costs, with hiring intentions at their lowest in four years.
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Total News Sources0
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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