Sir Jim Ratcliffe Loses Faith in UK

Sir Jim Ratcliffe, founder of Ineos and owner of a stake in Manchester United, has expressed concern about the UK economy, criticizing high taxes, immigration, and insufficient investment in North Sea oil and gas. He warned that low gas storage levels could lead to shortages during a cold snap and criticized government hesitations on oil field development, emphasizing the sector's importance. Ratcliffe also highlighted Europe's low gas storage and the lack of UK support for carbon capture projects, stating that political measures are hindering energy security and economic growth.

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