How Sir Jim Ratcliffe has dealt a hammer blow to the SNP at Grangemouth

How Sir Jim Ratcliffe has dealt a hammer blow to the SNP at Grangemouth

Michelle Thomson, the Scottish parliament member for Falkirk East, which covers Grangemouth, said the closure would be a disaster for local people. She has raised an urgent question in the Scottish parliament and is talking to local unions. She said: “The Scottish government must support those individuals and families whose livelihoods are under immediate threat. … Read more

Has Jim Ratcliffe bitten off more than he can chew with Man Utd?

Has Jim Ratcliffe bitten off more than he can chew with Man Utd?

Profits halved and when Lyondell Basell, a rival, filed for bankruptcy in the US, Ineos’s lenders turned on Ratcliffe. A breach of its borrowing terms provided a pretext to move in. “They became rapacious,” Ratcliffe lamented years later. After cutting capital expenditure, imposing a pay freeze, banning travel and axing jobs, Ineos still needed to … Read more