Ineos Founder Sir Jim Ratcliffe Says He Has Lost Confidence in UK, Calls for North Sea Investment
The billionaire chemicals magnate and Manchester United co-owner told the BBC he believes Britain is "on the slide" and urged greater investment in North Sea oil and gas.
Sir Jim Ratcliffe, the billionaire founder of chemicals company Ineos and a co-owner of Manchester United, has said he has lost confidence in the United Kingdom, describing the country as "on the slide," according to comments he made to the BBC.
Ratcliffe, one of Britain's wealthiest businessmen, told the BBC that he believes the UK's economic and business environment has deteriorated, though the BBC report did not detail the specific reasons he cited for this assessment.
In his remarks, Ratcliffe called for greater investment in the North Sea, an area long associated with the UK's oil and gas industry. His comments come amid ongoing debate in Britain over energy policy and the future of North Sea extraction.
Ratcliffe built his fortune through Ineos, a multinational chemicals company he founded, which has significant operations tied to energy and petrochemical production. He is also known publicly for his part-ownership stake in Manchester United football club.
The BBC report did not include further details on what specific policy changes or investment commitments Ratcliffe believes are necessary, nor did it include a response from the UK government to his comments.
This article is based on reporting by BBC Business.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Ratcliffe Says UK ‘On the Slide’ From Former Imperial Status
Ineos founder and Manchester United co-owner attributes Britain’s perceived decline to high taxes and immigration, according to the Guardian.
Ratcliffe Says UK Is 'On the Slide,' Cites Taxes and Immigration
The Manchester United co-owner and Ineos founder, who has lived in Monaco since 2020, blamed Britain's decline on high taxation and immigration policy.
Manchester United Muslim Supporters’ Group Calls for Ratcliffe to Step Down Over Empire Remarks
The Manchester United Muslim Supporters’ Club says comments made by co-owner Sir Jim Ratcliffe during a BBC interview about the UK and its imperial past were “completely unacceptable.”
Manchester United Muslim Supporters Club calls for Ratcliffe to step down
Fan group says co-owner Sir Jim Ratcliffe "must go" after comments on immigration and the state of the country
Dangote Refinery's $1.6 Billion Share Offer Seen as Out of Reach for Many Nigerians
Africa's richest man, Aliko Dangote, is seeking $1.6 billion from investors to fund a major expansion of his oil refinery, but analysts say the offer may be unaffordable for ordinary Nigerians.
Venezuela's PDVSA Signs Energy Cooperation Deal with TotalEnergies Subsidiary
Acting President Delcy Rodriguez oversaw the signing of an agreement between state oil company PDVSA and TotalEnergies E&P New Ventures in Caracas, according to Anadolu Agency.
Comments
Loading comments…