Jim Ratcliffe says the UK is a country ‘on the slide’
Summary
Jim Ratcliffe, co-owner of Manchester United and founder of Ineos, said the UK is in decline due to high taxes and immigration. He expressed concern about the country’s economy, energy supply, and leadership, and said he is not planning to return to the UK soon.Key Facts
- Jim Ratcliffe described the UK as "on the slide" from its past as a great empire.
- He attributes the UK’s decline to high taxes and increased immigration.
- Ratcliffe lives in Monaco, a country known for low taxes, since 2020.
- He criticized recent UK government decisions on not investing in new North Sea oil and gas licences.
- Ratcliffe warned the UK could run out of gas during a cold winter due to energy supply risks.
- The UK government said it is confident in its energy supply and working to promote economic growth.
- Ratcliffe has faced criticism from Manchester United fans over ticket price increases and staff cuts.
- He said the UK needs strong politicians who make decisions for the country’s good, not for political parties.
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