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.
Sir Jim Ratcliffe, the co-owner of Manchester United and founder of petrochemicals company Ineos, has described the United Kingdom as being "on the slide" from a period when it possessed "the greatest empire in the world," according to a report by The Guardian.
Ratcliffe attributed what he characterized as Britain's decline to high taxation and immigration levels, the report said.
The businessman has resided in Monaco, a jurisdiction known for its relaxed tax regime, since 2020, according to the Guardian.
Ratcliffe founded Ineos, a global petrochemicals giant, and holds a co-ownership stake in Manchester United football club.
The Guardian's report did not provide further detail on the specific context or venue in which Ratcliffe made the remarks, nor did it include additional commentary from him elaborating on his views regarding tax policy or immigration.
Sources
- Jim Ratcliffe: UK is ‘on the slide’ from days when it had world’s ‘greatest empire’ — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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