Ratcliffe Says UK Is 'On the Slide,' Cites Taxes and Immigration

Sir Jim Ratcliffe, co-owner of Manchester United and founder of petrochemicals giant Ineos, has described the United Kingdom as a country "on the slide," according to The Guardian.

Ratcliffe said Britain is in decline from the era when it had, in his words, "the greatest empire in the world," attributing the country's current state to high taxes and immigration levels.

The businessman has resided in Monaco, which offers a relaxed tax regime, since 2020, The Guardian reported.

Ratcliffe has been a prominent figure in British business and sport in recent years, having taken a co-ownership stake in Manchester United through his Ineos group.

The Guardian's report did not include further detail on specific policies Ratcliffe referenced or additional context for his remarks.