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Evening Standard
Evening Standard
Business
Alex Daniel

Carbon tax is ‘killing manufacturing’ in UK, says Ineos boss Ratcliffe

Ineos Jim Ratcliffe United Kingdom Grangemouth
Sir Jim Ratcliffe has warned that carbon tax is killing the UK’s manufacturing (Lucy North/PA) - (PA Wire)

Chemicals billionaire Sir Jim Ratcliffe has said a tax on carbon emissions is “killing manufacturing” in Britain.

The chairman of Ineos, the fourth-biggest chemicals company in the world, said its plant at Grangemouth, near Falkirk, faces a £15 million tax bill for its carbon emissions in 2024.

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