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Britain is not an attractive place to manufacture, says Ineos chief Jim Ratcliffe – Telegraph

IS BRITAIN OPEN FOR BUSINESS OR NOT ??

 

Historically the UK has not had many USPs [unique selling points] for

manufacturing as opposed to some other countries,” says Ratcliffe. “If you

go to the US, you’ve got a huge market, cheap energy, good skills and

pensions are a sensible cost.

“Germany has great skill levels, great infrastructure, high-quality plant. If

you go to the UK, we’re very creative and we’ve got the language, but energy

costs are pretty much the most expensive in the Western world, pensions are

pretty expensive and the skills are significantly below those in Germany and

the US.”

UK energy costs are a major handicap, he says, pointing out that large users

incur environmental taxes of more than €6/MWh in Britain versus less than €1

in Germany and nothing in the US Gulf. “The UK said it wanted to be the

greenest country on the planet. That’s fine but you end up putting very high

environmental taxes on users. So where are you going to invest?” asks

Ratcliffe.

“The Government needs to understand it and do something about it. Do your

analysis of energy costs. Either it comes from windmills and

via Britain is not an attractive place to manufacture, says Ineos chief Jim Ratcliffe – Telegraph.

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