"You could probably multiply that by ten if you look at all the indirect jobs in services - it's probably ten million jobs in Europe and three-quarters of a trillion euros in value,"
"Grangemouth is a good facility, but it hasn't made money for two or three years. We're spending about £130 million a year extra on high energy costs and carbon taxes. Over ten years that's £1.3 billion - money that should be going into investment."
"absurd"
"crippling"
Nigel Farage is expected to meet Sir Jim Ratcliffe before Christmas as Reform UK accelerates efforts to build relationships with major British business figures. Ratcliffe co-owns Manchester United and has an estimated fortune of £23.5 billion. He criticised Britain's net zero targets and described plans to eliminate fossil fuels from the electricity grid by 2030 as "absurd". He warned that high energy costs, carbon taxes and cheap Chinese imports are "crippling" Europe's chemical industry and risking up to one million direct jobs and many more indirect roles. Ineos announced plant closures and job cuts across Europe, citing energy costs and low-cost imports.
Read at Business Matters
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