Ratcliffe’s Ineos Warns That Soaring Costs Threaten UK Industry
Ineos founder Jim Ratcliffe has previously slammed the high costs straining the petrochemicals industry across Europe.
Photographer: Hollie Adams/BloombergBritish manufacturers are under intense pressure from high energy and emissions costs, undermining their ability to compete with rivals abroad, according to chemicals giant Ineos.
“Unless there is a significant turnaround in the next couple of years with regards to high energy and carbon costs, UK manufacturing is under threat,” the company said in an email. “The reality even for Ineos is stark.”