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James Ratcliffe Slams £15M Carbon Tax Threatening Jobs

4/30/2025

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Summary

Story summary

James Ratcliffe, the founder of Ineos Group, has voiced strong opposition to the UK government's £15 million carbon tax, arguing it jeopardizes British manufacturing and heightens dependence on imports. He cautioned that soaring energy costs and tariffs could spell disaster for the industry, calling for urgent policy changes to bolster local production and safeguard jobs.

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Story summary

James Ratcliffe, the founder of Ineos Group, has voiced strong opposition to the UK government's £15 million carbon tax, arguing it jeopardizes British manufacturing and heightens dependence on imports. He cautioned that soaring energy costs and tariffs could spell disaster for the industry, calling for urgent policy changes to bolster local production and safeguard jobs.