Billionaire Ratcliffe Sees UK Energy Policy Wrecking Industries
- UK government made ‘daft’ decisions on nuclear: Ratcliffe
- Competitive energy is critical for manufacturing investments
Jim Ratcliffe
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
British billionaire Jim Ratcliffe lambasted the UK’s energy policy, saying “daft” decisions in areas including nuclear power are crushing manufacturing in the country.
The owner of chemicals giant Ineos Group Holdings called for more investment in reactors and repeated calls for the UK government to allow hydraulic fracturing, or fracking. At an event in London Wednesday evening, he said conversations with ministers to find solutions were “frustrating.”