Britain's richest man, Jim Ratcliffe, has announced £1bn worth of investments in the UK oil and chemical industries.
It will also build a £350m energy plant at Scotland's Grangemouth oil refinery site, which it already owns, as well as a £150m chemicals plant in Hull.Earlier this month, the Sunday Times claimed Mr Ratcliffe, an outspoken supporter of Brexit, and two of his key executives could save up to £4bn in tax by leaving the UK.
He added:"At an uncertain moment for the country, Ineos has confidence in its businesses and is committed to continue investing in manufacturing and high-skilled jobs in the UK." Ineos said it would overhaul the reliability of the pipelines, including modernising the environmental systems.
Am sure he self is moving, but not his business unless he is ready to make the biggest loss and leave many without jobs
What a relief. Those industries are in desperate need of more money
Is he UK's richest man now he's gone/ing to live in a tax haven elsewhere though?
Is he UK's richest man now he's gone to live in a tax have elsewhere though?
to be fair it is investment into britain at a very precarious time-welldone.
And while you are so busy building and making money, have you ever considered a plan B once the oil runs dry? What then?
He's not the UK's Richest Man..That accolade belongs to the Zionist Rothschild's & Royal Family of treachery lies & treason!
To the Government and all those who criticise Mr Ratcliffe for moving his HQ to Switzerland, have you stopped to consider how many jobs he has created in the UK? He perhaps disapproves of the way this Govt fritter his tax payments away?
and takes £4 billion out of UK economy through tax avoidance by moving to Monaco.....
Only the richest can afford to pound the last coffin nails for the climate.
But won't be paying any tax on the future income.....
Buy Chelsea Jim, I reckon you might twist Romans arm now 🤔
Brexit supporting, Monaco based tax avoider, who is investing more in Antwerp, invests in UK. Your report on BBCr4today earlier refers.
Ahhh Monaco there we go. Well done you for not paying what you should pay as percentage of your wealth
Despite Brexit eh BBC?
Bet he voted to leave.....then moved his businesses out of the country
Well its not me and that's for sure,
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