Sir Jim Ratcliffe 'loses confidence in UK' | Should Britain stand up to its billionaires?
By LBC
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One of Britain's richest businessmen has revealed he "no longer has confidence" in the UK because of its culture of envy towards wealth. Sir Jim Ratcliffe, owner of Manchester United and founder of chemicals giant Ineos, who relocated to Monaco from the UK in 2020, said the UK government had “a bit of a green eye towards wealth at the moment” which was “encouraging” the wealthiest to relocate. It comes after Britain's third- biggest taxpayer, hedge fund tycoon Chris Rokos, revealed his decision to leave the UK for Greece earlier this month. Matthew Wright questions whether we should start listening to our billionaires. 00:00 Matthew Wright says that if Ratcliffe lived in the UK, ‘he would know that net migration is down 82% since 2024 and that boat crossings are down some 40% this year’. 03:50 Millionaire investor Julia Davies asks why Sir Jim Ratcliffe is criticising the state that he ‘massively benefited from’. 09:31 Silvia Andreoletti, Head of Communications at the Adam Smith
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