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.
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.
Sources
- Jim Ratcliffe says the UK is a country ‘on the slide’ — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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