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Ratcliffe Warns UK “On the Slide” Over Taxes, Immigration

By Drooid · Sep 19, 2026, 1:59 AM UTC · How we work

Summary

Story summary

Sir Jim Ratcliffe, British billionaire, said the United Kingdom is “on the slide” because of high taxes and high immigration.
He warned low gas storage could leave the UK without gas during a winter cold snap.
He called the government's hesitation on Rosebank and Jackdaw field development “absurd”.
Prime Minister Andy Burnham said he will take a pragmatic approach to the Rosebank and Jackdaw decisions.

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Story summary

Sir Jim Ratcliffe, British billionaire, said the United Kingdom is “on the slide” because of high taxes and high immigration.
He warned low gas storage could leave the UK without gas during a winter cold snap.
He called the government's hesitation on Rosebank and Jackdaw field development “absurd”.
Prime Minister Andy Burnham said he will take a pragmatic approach to the Rosebank and Jackdaw decisions.