Sir Jim Ratcliffe’s chemicals conglomerate Ineos will suspend operations at three plants in Hull which directly employ 300 people and produce chemicals. Thanks Labour…
Ineos said “ridiculously high” energy prices made production uncompetitive. Ratcliffe pointed out gas prices in Europe are twelve times higher than in the US:
“I’m sure people will find it hard to believe that we are being forced to mothball some of the most efficient plants in Europe but . . . we just cannot compete.”
A massive self-own from Labour which has continued to back net zero policies pushing up costs. The three plants being shut down make crucial acetic acid, a crucial ingredient of basic pharmaceuticals, and a solvent used for inks, paint, glue, and food. Ineos and Ineos alone makes these in Europe…
Labour Party chairman Bridget Phillips attacked Ratcliffe on Sunday after he complained about Labour’s economic policies. She said he had lost “the moral high ground” by becoming resident in Monaco. Other Labour honchos like minister Torsten Bell piled on too. See how that goodwill went…
Krishnan Guru-Murthy asked John Healey: “Just finally, I mean Andy Burnham has been very clear he wants Britain back in the European Union in his lifetime. Do you?”
The Chancellor replied: “I’m older than Andy Burnham. I don’t expect to see that.”