Jim Ratcliffe criticizes the British government’s lack of budgetary “rigor”
The Monegasque resident and entrepreneur denounces the mini-budget announced by Liz Truss, which consists of lowering taxes for the richest.
Is the British government lacking fiscal rigor? In any case, this is what Jim Ratcliffe asserts in an interview with the FinancialTimes, published this Wednesday, October 12.
The Monegasque resident and owner of OGC Nice points in particular to the lack of funding to allow tax cuts. ” You have to balance your accounts somehow “, he explains.
Remarks which follow the intervention of the conservative British Prime Minister, Liz Truss, and the Minister of Finance, Kwasi Kwarteng. On September 23, they announced the establishment of a “mini-budget”, which consisted in reducing the taxes of the richest to revitalize the country, due to inflation.
A stance that sparked outrage among the opposition, accusing the government of favoring the well-to-do, but which also had dire consequences for the Pound Sterling, which hit a historic low in the process, pushing the International Monetary Fund to ask the UK to backtrack.
For Jim Ratcliffe, the British government must demonstrate more rigorous “, adding that it is this same rigor that has led him to success.
Britain’s richest man, Jim Ratcliffe also castigates the UK government’s lack of energy policy, particularly as winter approaches. ” The United Kingdom does not really have a coherent energy strategy, compared to the United States “, he adds, specifying that such a policy requires a long-term plan.