Chemical companies owned by the billionaire Jim Ratcliffe had already been granted as much as £70m in UK state aid in the past four years, before this week’s £50m government bailout for its Grangemouth plant in Scotland.
State aid to Ineos in the last year alone was between £16m and £38m, according to government disclosures published this week. Since August 2022 the company has received between £28m and £70m.
