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Sir Jim Ratcliffe criticizes UK's high taxes for hurting business competitiveness and driving it away.
Top industrialist Sir Jim Ratcliffe criticizes high taxes in the UK, claiming they are "killing" business and driving it away. He suggests that Britain's manufacturing industry is lagging behind Germany's due to uncompetitive government taxes. Ratcliffe, who runs the Ineos petrochemicals empire, also warns that the UK's energy competitiveness is being negatively impacted by the high taxes.
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