Billionaire Jim Ratcliffe, a Brexit-supporting owner of Manchester United, says the UK is “on the slide” and that he understands why wealthy people are leaving the country. In comments reported by The Independent and Yahoo UK, Ratcliffe links the trend to what he characterizes as high taxes and high levels of immigration.
The reports present Ratcliffe’s remarks as an assessment of the UK’s economic direction rather than a specific policy proposal. The outlets both frame his view in the context of his political stance, noting that he is a Brexit backer. While the coverage attributes similar reasons for his claim—particularly tax levels and immigration—neither outlet’s provided information details additional evidence, specific figures, or a response from UK government officials within the excerpt.
Overall, the two sources align on the core message: Ratcliffe argues that the combination of taxation and immigration is contributing to decline and encouraging affluent people to relocate.
