Billionaire Jim Ratcliffe Says UK Has 'Had Enough' of Sunak's Tories
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- Опубликовано: 11 окт 2024
- Jim Ratcliffe, Britain’s second richest person and a co-owner of Manchester United, says the UK has “had enough” of Prime Minister Rishi Sunak’s governing Tories and is “ready for change.” The Ineos Group founder also signaled his approval of opposition Labour Party leader Keir Starmer - who appears on track to become the leader of the next government after the July 4 general election. Ratcliffe made the comments during an interview with Bloomberg's Francine Lacqua.
Watch the full interview: • Billionaire Jim Ratcli...
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Great to see a non-U.K. taxpayer telling the U.K. how to spend their tax.
Just in tax year 2017-2018, he paid £110,000,000 in tax. Im sure that wouldve paid for a lot of nurses and schools and so on. But you're suggesting he isn't allowed to have a say?
How much have you paid? Please tell me Mike?
@@ColinFlowers He didn't make his money in a vacuum.
Socialists are good at spending other peoples money @@ColinFlowers
@@ColinFlowers Colin, please stop replying to these people with FACTS, you know that they do not like it….👍…
@@Pixiedust8399 Or print it.
Pay UK Tax Jim then have an opinion, Your Brexit lunacy screwed this country
Brexit lunacy? Unlike Remoaner lunacy happy to import 500,000+ people into the country each year.....
What Brexit lunacy??
You spelt COVID wrong
Free movement from the European Union was a wetdream for big business and the oil 🛢 for the gig economy
Only people who pay tax are robots who have a salary. Sour they have nothing 😂😂
by a man who in September 2020, Ratcliffe changed his tax residence from Hampshire to Monaco, to save £4 billion in tax (his net worth is £30 billion)
you'd do the same no....? I mean who wants to pay more tax
@@RandomVideosFirst yeah too right!
Too true everybody would do the same thing.
No they wouldn’t
The people of Britain are fed up with taking on the lion’s share of the tax burden. The super rich need to pay their share.
They do. They pay more than their fair share. The issue is the government spending is out of control. They are incompetent, giving them more tax is futile. It’s just more money wasted on terrible policy. Wake up.
Money doesn’t grow on trees and you can’t print it without huge inflation
We have also had enough of billionaires…. Tax the rich!
Nice idea so they just leave and take all their dosh AND THEIR TAX with them!
Jealously is horrible trait. Enjoy life sir ❤
As long as they leave all our assets behind, i.e., land and property.
He's right in one respect, the Tories have misspent, (and misappropriated) £1 trillion a year and allowed Britain to fall into decline year after year for the last 14 years.
The man that supported Brexit and then moved his operations to Singapore
I am soooooglad you brought up the fact that he supported Brexit !!
Wasn't that James Dyson?
@@Lawrence4000-s3k I think that was Dyson yes but this one defo supported Brexit and I think at some point he had moved his businesses elsewhere also and he lives in Mónaco not exactly Manchester ! He doesn’t seem too bright yet he’s made buckets of cash ???
@@apollonia-ava Radcliffe moved his domicile to Monaco but his business is still here and employing lots of people and paying lots in corporate taxes. As for supporting Brexit we'll see how that one works out (some people are very anti-brexit for reasons I can't fathom - it's not to be found in economic performance, which is roughly comparable with France, Germany, etc.) Radcliffe is probably searingly bright - you don't get to be that rich by being average (doesn't mean he's necessarily a nice guy but bright he most certainly is)
@@Lawrence4000-s3k I am just going on this interview and one other and I just don’t find him to be very bright, I can’t explain it, perhaps he knows only about business ? He’s absolutely successful at what he does obviously but I am not sure he knows about the wider world ? Politics ? Arts ? He seems very one dimensional 🤷🏻♀️not that he cares what I think but he’s heading up my football team like a business too. Where’s the passion the drive ? I see nothing. Brexit so far has not been a giant unicorn laying golden eggs as was promised, so the sooner that nonsense stops the better 🤣What happens next who knows .. a least there will be a huge political change coming 👏
He is not happy with getting rid of non doms. What a surprise. Pay your damm taxes.
Why when it’s fecklessly wasted? Screaming for more tax when it’s just going into a bucket with a hole in it isn’t an answer. The UK public sector forgets that it isn’t their money.
@@aleph8888 Because he has billion and billions made from the UK and British people. How much do you need? The man has wealth of 15 billion. When is enough with these people?
@@aleph8888he needs to pay his taxes you bootlicking cunt
@@hecter3008 He didnt make it from the British people, he's paid it because he made it himself.
He does. A lot more than you. You sound like a jealous child 😂
Rich man upset that rich people might lose a tax break. Pathetic.
Well, there is a certain logic to his position: if the non-doms move to another country then they won't spend any money here. Whether they will move is the question but if they do then we lose tax revenues. If they stay then we'll gain tax revenues but no-one really knows.
Now come come, Jealous man. I can see you turning green…
@@markdaniels2200Don't act like a serf. It's beneath you.
@@Matt-ou7tu other washing powders are available…
@@Lawrence4000-s3k Quite an irony...the rich few holding the nation to ransom by threatening to move...when they made their money by fleecing the country in the first place through acquiring utilities and so on through foreign corporations...and destroying nationalised industries when it suited them to remove any resistance to their criminality. If justice was done...most of these monies would be recompensed to the people...the utilities re-bought...and the wealth shared...to give us an economic backbone as we once had...so we do not rely on a few bob from people who do their damnedest to evade taxes anyway....and to achieve this, they control our economics and politics...to the adversity of many common folk.
The very same Ratcliffe who voted for the UK to punish itself? FFS! Bore off‼️⚠️⛔️
You're just bitter that United won more trophies than you in the last two seasons.
Bitter he has no money and gets by month to month paying his mortgage, payin into a pension because he knows no better 😂😂😂
Utter hypocrisy
Britain, if not the world, has had enough of millionaires telling us how to live. A talent for making money is a talent for making money that is not necessarily transferable into other fields.
He is no friend of the UK, supported Brexit and pays little tax.
His company employs thousands of people in the UK (in mostly well paid manufacturing jobs). He's also investing in Manchester with his part-purchase of Man Utd. He used to be the 3rd highest UK taxpayer so has paid hundreds of millions in tax to the UK. Wish I had a friend as bad as that!
@@Lawrence4000-s3k you sound like his PR company.
You write rubbish, because you know nothing….
When you look at his vast portfolio...the mean by which they do business...and seek to evade taxes...as he has done personally...I agree...people like this are a scourge to society. He is one of those who benefited from the closure of the mines...and the destruction of the coal industry...And corporate capitalism...of which he is a big part, has caused untold issues around the world, societally, economically, and ecologically. His glove has subsumed the hand of the Glazers...he is now their front...all they want is money...success second of all. It is not for the joy of football, and for the fans they own Clubs...if he did, he would buy them out, and hand it over to the fans.
@@almac9203 I just think we should reserve criticism for those who really deserve it (i.e most politicians!). If we criticise everyone then we criticise no-one.
This is undoubtedly one of the most objective and straightforward analysis of the UK current (macro)-economic weaknesses I've seen to date.
Lmao doesn’t want to be a politician, but has an entire interview segment on politics - like sitting down in a restaurant, ordering tap water and mocking the menu
Isn’t he an immigrant in monaco
Looks like it by the window
Difference is when your worth 25bn your welcome lmao we’re paying for 500,000 new people near enough every year because 90% of them aren’t coming for skilled work.
His an “Expat”
@@TeeTiz no he's a British economic migrant simple fact
@@DanielJewel-e2tAnd? Some economic migrants are good. North Africans, Arabs, South Asians, Sub-Saharans are not by and large. Is that too difficult to grasp?
Typical for a man having done very well for himself and hence totally incapable of doing anything for the greater good. Keep your money and keep out of politics.
I would argue that he is more than capable of doing things for the greater good but won’t, so we totally agree but just in different ways if that makes sense?
@@nickphiggins Capable in terms of intellectual capacity but incapable for lack of humility so I guess the answer to your question is yes.
And evade taxes by living in a tax haven...so should we listen to an emigrant by choice who has deserted his place of birth...unlike those who come from afar due to life and death situations when they flee war and drought?
on the other hand, if you want to help the greater good, its best to do well with oneselves though
@@cedricvogt2576 Conquer oneself inwardly, then a person can truly help...but not simply seek to acquire wealth for oneself for the sake of having it...this is where men have gone wrong in their fears...desperate for security, but who who seeks such security is never secure...only insatiable!
Hasn’t he just been given a load of UK taxpayers money to set up a new business in Europe while closing Grangemouth in Scotland?
Load of nonsense coming out this mans mouth for him to seem like he’s one with the common peasants lmao
His father was a working-class joiner so we can't say he was born with a silver spoon in his mouth. He's probably one of the few genuinely self-made men.
@@Lawrence4000-s3kPeople get very jealous that people like him are smart enough to make themselves millionaires. We all get different opportunities & types of luck in life. All the best to him & those that work hard in his businesses…
He's right about the lack of security. There's been no police on the streets for quite some time and Safety and Security is one of the basic Maslov Hierarchy requirements. I've witnessed a raid in a small town chemist and the nearest policeman was 5 miles away. It's crazy.
This guy helped enable Brexit, he is absolutely untrustworthy
Ineos spend 60bn pa but where? Ratcliffe complains about Non Dom status changes but his Grenadier production was set up in France after the Brexit he promoted.
This is what you get from the vastly wealthy people who promoted Brexit. Dyson the exactly the same same. Bamford's JCB the same, manufacturing across the world.
Before pontificating here - FIX your club. The roof is leaking like it has been doing for Britain under the Tories
Everything he says makes it extremely obvious he would suit the Reform party, not Labour.
Net migration into UK is now about 700,000. Before Brexit, it was about 200k per annum. These are all people we have INVITED in because of our desperate labour shortages. This is now despite the fact we supposedly have control again of our borders. The water companies like many privatised industries have simply sucked money out of the economy for their shareholders leading to a drastic fall in investment and we see the consequences. Its insane to privatize an industry where there can be no competition. If I am dissatisfied with my local water company, I can hardly buy my water elsewhere. This has happened across the board under the Tories. Don't forget though, that the wealthy have become even more fantastically wealthy over the last decade both in UK and in America, a fact they conveniently want us all to forget and so invent smokescreens over asylum seekers and whip up rabid racist xenophobia such as the lunatic right wing fringe of Farage and reform.
Labour or Conservatives. The future is bleak.
Agreed - that's why the best option is REFORM UK.
@@howdan1985 Reform is even worse, what make you think that they would do any better than the Tories.
I am looking forward to a non Tory government. I think my tax bracket doesn't benefit from them at all...
You must be a glutton for punishment if you think the answer to the Tories is voting for Reform.
@mrmonkey2214 Vote Reform & live next-door to a nazi.
Ratcliffe is another ardent Brexiteer we would do better to ignore.
Yeah, because idiots like you want 500,000 in the country each and every year.
We voted for Brexit 🤷♂️
@@GhostOfCorkey Which rather proves my point.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
@@annemoore4461 I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
@ahlfieldmontalto
her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
What a dreadful reply. This is an investment advertisement. This is not the platform. Go away.
Don't get fooled by the authentic looking ai-generated scam. It's an ad
It would have been better if the Tories hadn't spunked 4% of the economy away on Brexit which has resulted in a grand total of zero benefits!
If non-doms want to “contribute to the economy” they should be paying taxes like people that work for a living.
Pushing up house prices through tax loopholes is not “contributing to the economy”.
They do pay taxes! They pay taxes on UK income here and taxes on foreign income in their home country.
@@Ami-zo7mo They don’t pay full taxes in the UK like normal people, only a symbolic small amount of tax, while still enjoying the privilege of having a UK residence and of voting in an election.
I really want to like Jim Ratcliffe but I can’t and that’s on him not me………
This is a country of white men Sunak has not made it worse the conservative policies like the 80-90 just kept the ordinary people poor. I came through 18 years of it and it was hard. The people with money are not investing all their money in their pockets.
'Billionaire Jim Ratcliffe Says UK Has 'Had Enough' of Sunak's Tories' Yes, I can imagine how he's really suffering!
He knows Labour would be better for business. Simple.
Oligarchy took over UK 😂 Londongrad
What exact evidence is there that the thousands of wealthy people, "who mostly live in the London area," have any significant impact on the UK. As a billionaire could he, perhaps, be a little, shall we say, biased in his view of the importance of wealthy people?
The fact that they live here and spend lots of money money in restaurants, etc. (they also likely bank here and use legal and accountancy services, etc.) It doesn't have to be 'significant' to be worthwhile in any event. If they are a benefit then why not keep them?
@@Lawrence4000-s3k And what if they have been bleeding the country dry...through casino corporate capitalism...this country is ruined through the super-rich and their puppets...like Thatcher...we have no spine economically, militarily, ecologically or otherwise...we have been asset stripped...so now we rely on people buying a cuppa for a few jobs...sick world!
They vastly increase house prices.
@@DisleyDavid They hardly live in the type of houses that would affect us! Does it matter if a 20-bedroom mansion is 10 or 20 million quid. We get the stamp-duty, mind!
everybody should and must pay taxes, but if the money is spent recklessly, which it is, move out UK, go to Monaco, and stop paying taxes. It's simple. That exactly what he did. His companies still pay a lot of taxes in UK.
No one will invest in infrastructure because it will be in the red. I'll give you an example. US infrastructure development is in the red by 120% of the budget. Japan is in the red by 200%. Infrastructure always ends up in the red.
I love this man. A straight forward & thoughful person. ManUtd is lucky to have him.
2:33 uk government is 50% gdp. In usa. Government 53% of gdp
The guy that has absolutely runied my hometown since 1997 with ineos, air pollution is off the charts, he doesnt employ anyone local to the site apart from cleaners, hes done nothing for the town, he only cares about himself.
Vote Reform UK 🇬🇧
...and yet he supported Brexit as well.
It is very interesting to see the vast majority of comments fixating on the fact that Sir Jim is based in Monaco, even though his company is based in London, I saw one mix him up with Dyson and think he is based in Singapore.
The main point is he is the most successful person in the UK and surely that is someone that it may be good to listen to. There are literally millions of people who amount to the sum total of nothing, quite few in the comments.
Yes he did support Brexit, but also is happy to say the Tories have run it badly, the Tories have also got half the income generated to run the country and too much of that money is being wasted.
He is against Woke and pro running the services correctly, I am sure most people agree. If you privatise services make sure those services are focused on providing great service and not great dividends.
He is wrong about the number of net immigration, it is closer to 900,000 not 500,000, that too many people in too shorter a time, the services cannot cope and it doesn’t allow for assimilation into British society. The same but more extreme can be seen in Ireland, but also Sweden and Germany.
People need to forget about being jealous of this chap and more bout what he says.
He has some interesting points but as many have said he decamped out of the UK, built his Landy factory outside the UK.
We are all aware of the failures made by this Govt.
What is he looking for in Manchester, I think he wants a lot more than the Football Club?
Well said Jim, bang on!
Let so many people into the country, it’s called growth to work in NHS, Education
billionaire is sad about billionare taxes. Thats in 30 seconds of video. Bye.
He doesn't care about the UK taxes because he moved to Monaco 4 years ago!
Lol. Tax dodger talking about running country 😂😂😂😂😂
I think JR recognises he'd be overwhelmed by the complexity of running a government. He actually acknowledges he lacks the awareness of the diverse range of people in the UK.
billionaires are one of the big problems
We've had enough of toxic, divisive populist policies full stop.
Are you fucking woke or what.
It’s hard to take someone who thought Brexit was a good idea seriously
We in America don’t lock em up either!
Sadly, most Brexiteers seem to ignore the fact a) UK native population isn't actually going up as people have fewer kids and b) that their Brexit is now prohibiting people from actually EMIGRATING from the UK to either work or retire easily in the rest of our own continent 🥴👍
So if you are worried about overall populations, probably a better idea to allow Britons to leave as well as organising a strategy to control movements of people that are travelling throughout EUROPE to get to the UK (which we now cannot be a part of as we have left the EU..) 🥴👍
What we are doing now is saying No to European movement (which wasn't wildly significant, anyway), blocking our OWN freedom of movement and relying on the Asian workforce to now run our hospitals and social care, all at the same time as being horrendously understaffed in various other sectors.
The UK's issues are all its own making and largely the fault of risk-taking idiots that probably should stay out of politics, like this chap here.
What was he on about? Making a lot of noise without a single original or unoriginal idea.
He is not talking to, or including, the working class here. Cannon-fodder.
A lot of logic here its just a pity our political classes aren`t capable of the same.
Smart guy , but made a terrible decision with Brexit.
People just want honesty and integrity even if hard choices have to be made
'They bring a lot of wealth to the S. E of England' - no, they take a lot out of the UK
Brilliant 👏 👏 👏 👏
And Labour think that people with this sort of money will not turn tail and run from the UK?
It doesn't matter. The rich can't take their land, or houses, or oil refineries with them. The mega rich will never leave the UK, it's where they come to launder their money and to keep it away from countries that would confiscate it all in the blink of an eye. If they have to pay a bit more tax that's just part of the cost of doing business.
They don't pay any tax now so what's the loss? And don't say they spend money here, that's just a drop in the economy ocean. They want the benefits of living in the UK without paying their fair share.
He sounds very down to earth to me.
I’d pay my taxes if I had his money
Why anyone is asking this man his opinion about anything just astounds me.
Talks a lot of sense apart from what he say's about Starmer.
He right we done with the tories but we was already done with labour , VOTE REFORM
Don't know why. His sort are the people the Tories mollycoddle and look after...
It sounds mind-boggling when you hear people like Sir Jim Ratcliffe talking about £ trillions but at the end of the day I suppose it's just the natural successor to billions.
Sir Jim Ratcliffe actually sounds quite okay, where a businessman is concerned.
What is the politicians' incentive? When you understand that, you also understand today's challenges.
We don’t need people like this. A selfish self centred person who convinced people to leave the EU to make them worse off, who lives in Monaco and who builds his car in France after saying he would build it in Wales.
No one is going to cry for Sir James Radcliffe.
Indeed, the manufacturing of his latest model has been shifted from Wales to
Hambach/France. There he will cooperate with BMW and an Austrian enterprise.
As German I Have wondered that there has not been any serious criticism from the Welsh.
He is not an exemption: Dyson: Brexiteer- Singapore. The owner of JCB: Brexiteer-Somewhere in the Caribbean.
I invite the British to drive on our Autobahn: Cologne - Aachen, there you can see his magnificent German JCB headquarters.
Yes Dyson moved to Singapore and production of his appliances to Malaysia. Brexiteer Sir Anthony Bamford actually still has his headquarters in the UK in Staffordshire where he also has various manufacturing facilities across the county. He has manufacturing in the USA, Mexico, India, China, Germany & the UK. His son manufactures buses in Belfast & his wife has hotels and a large farm shop in the Cotswolds where they also own a house.
They've had enough of Tories but Labour isn't going to save them either.
Says he's not woke or PC enough, but he's a fan of Starmer? 🤔
Did he say he supports Starmer. Sounds more like a Farage supporter.
England is not the UK !
Reform UK lets goooooo
Yeah, stupid Brexiteers going full moron 😂. The rest of the world enjoys a good laugh but the British people sink ever further down…
Such a hypocrite. Turkey votes for Christmas then moves to lalaland. Pay your taxes in the UK.
He and the Tories are finished
More people should equal more tax. More infrastructure. Tories put it all offshore. Immigration not the problem .
My my yet another socialist billionaire spouting. And what's worse he is from Failsworth 😂😂😂
Mercedes F1, Manchester UTD, Brexit, Tories all his backing brings it down... please shut up
Does it matter what he votes,he's not struggling
Pay some taxes. You’re the problem
exactly.bloody hypocrite
The UK has had enough of the far right all together.
Also, immigrants to the UK (like the usa) are more likely to pay taxes, being mostly young, use fewer healthcare services etc
You are not a net contributor unless you earn more than like 40k per year. Most immigrants earn less than that. It's actually like 90% so most are net detractors not contributors.
You f****g numpty.
Immigrants in the USA get jobs. Build businesses in places no one wants to be. Assimilate. And their children are born with the full citizenship of USA. They get skin in the game. Europe I don’t think does anything
Owes £4bn in taxes
Vote Conservative Party. Not Labour.
Vote Labour.
Ha ha ha …
Vote something but please not the Tories they have made a complete hash of everything
Thought he made a lot of sense. Disagree on his opinion of non-doms - if they make money here they should pay our taxes. But apart from that he was spot on.
It was UK and US that said let is accept immigrants. Why shift the blame to France?
Eh???? Which bit of it did he blame France?
As a Newcastle fan, I'm not a fan of Jim ( don't you know who we are ? ) Ratcliffe. The days of bend over we are Man Utd are long gone pal.
Sure, ask a billionaire what to do. Sure. Bloomberg. Sheesh.
Speaks alot of sense here.
Blimey ! What with Billionaires jumping ship … I don’t fancy the Tories for this election one bit …
Sdgs18 goals. Diversity. Affirmative action. DX. This is all made by UK and US. Just do it without blaming anyone. The UK has always gotten away with blaming someone else. Do it.
The whole world speaks English and so they’ll all want to come here. (Except me because I don’t want to pay taxes in the UK)
Brexit done differently. I'm not woke. Immigration. Can someone show this guy the exit?
Labour's not any better
Your life appears to be a cliche. Think for yourself. Stop reading the rags!
He has a bank account number in Monaco therefore pays no taxm
Non does is only a UK thing.
Needs to be like USA as a citizen you are taxed on global income.
Or
You can only quality to not pay tax in UK if you stay less than 60 days(includes travel days).
This is like Sweden and other countries.
The mega rich dont pay the tax levels the rest of us pay.
Make capital gains tax at 45% or top income tax level.
Let’s save the NHS