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    UK billionaires. Loyalty? Archived Message

    Posted by Mary on December 10, 2020, 1:35 pm

    Ratcliffe and Dyson made much of their fortunes from the British people but fail to support UK manufacture.

    'Britain's richest man and Brexit supporter Jim Ratcliffe has abandoned plans to build a new SUV in the United Kingdom, dealing another blow to a car industry that has already been battered by the country's exit from the European Union and the pandemic.

    Ratcliffe is the founder of Ineos, a chemicals company, and has a fortune worth nearly $28 billion, according to Bloomberg's Billionaires Index. Ineos said in a statement on Tuesday that its first vehicle, the Grenadier 4x4, will be manufactured at a plant in Hambach, France, that the company is buying from Daimler's (DMLRY) Mercedes-Benz.'

    'Another prominent Brexit supporting billionaire, James Dyson, moved the headquarters of his high-end appliances company from the United Kingdom to Singapore in 2019 because Asia offered the "largest and fastest growing market in the world." Just a few months later he abandoned plans to start making an electric car in Singapore.'

    https://www.cnn.com/2020/12/09/business/jim-ratcliffe-grenadier-brexit/index.html

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    • UK billionaires. Loyalty? - Mary December 10, 2020, 1:35 pm