Sir Jim Ratcliffe, the chief executive of Ineos and co-owner of Manchester United, has criticised Labour’s green energy plans, claiming they could tax North Sea oil and gas production “out of existence”. This comes just days after he publicly supported Labour leader Sir Keir Starmer. Ratcliffe warned that Labour’s proposals to raise taxes on oil and gas producers and reduce North Sea tax allowances would threaten Britain’s energy security and lead to increased dependence on imported energy. “If we shut … read more »
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