Top 29 Quotes & Sayings by Jim Ratcliffe

Explore popular quotes and sayings by a British businessman Jim Ratcliffe.

Last updated on September 17, 2024.

Sir James Arthur Ratcliffe is a British billionaire chemical engineer and businessman. Ratcliffe is the chairman and chief executive officer (CEO) of the Ineos chemicals group, which he founded in 1998 and of which he still owns two-thirds, and which has been estimated to have a turnover of $15 billion in 2019. He does not have a high public profile, and has been described by The Sunday Times as "publicity shy". As of May 2018, he was the richest person in the UK, with a net worth of £21.05 billion. As of April 2020, Bloomberg Billionaires Index estimated his net worth at $28.2 billion, 55th richest in the world and second in the UK. In September 2020, Ratcliffe officially changed his tax residence from Hampshire to Monaco, a move that it is estimated will save him £4 billion in tax.

British - Businessman | Born: October 18, 1952

Source: Wikipedia

There's no substitute for seeing firsthand a well being drilled.

Jim Ratcliffe

While unions did not play a part in my family life when I was being brought up, my early years were most certainly spent in a working-class community.

Jim Ratcliffe

Brussels has become inefficient and very bureaucratic, which makes it slow to do things. The concept of the United States of Europe will never work.

Jim Ratcliffe

Do your analysis of energy costs. Either it comes from windmills and solar or things like nuclear and shale gas. You have to think about how you provide competitive energy for U.K. Ltd.

Jim Ratcliffe

The U.K. is already disadvantaged on the wholesale cost of energy, and then it puts taxes on it. Anybody who's an energy user is just going to disappear.

Jim Ratcliffe

If you have spent your life building Ineos, and you find yourself in a crisis, you are going to do anything you can to save what you have been building.

Jim Ratcliffe

It is not necessary, nor appropriate, to sow dissent and misrepresent employees or constantly to threaten industrial action.

Jim Ratcliffe

Towards the end of 2005, Ineos acquired Innovene, the petrochemicals arm of BP, for $9 billion. It quadrupled the size of Ineos overnight and brought with it some of the world's largest industrial sites.

Jim Ratcliffe

We believe Ineos is a refreshing place to work. We believe strongly in employee share ownership.

Jim Ratcliffe

America's got quite reasonable tax rates from an employee point of view.

Jim Ratcliffe

I'm very cheerful about coming back to the U.K. We increasingly found ourselves gravitating towards London. There was so much going on for our business, and we had grown substantially here.

Jim Ratcliffe

Ineos is a friendly organisation. Very few people leave. It's collegiate. There's not much politics, and we like decent people. We don't like arrogance or bullies.

Jim Ratcliffe

The Brits are perfectly capable of managing the Brits and don't need Brussels telling them how to manage things.

Jim Ratcliffe

Gas is by far and away the most important element of our energy policy.

Jim Ratcliffe

Unions can play a valuable role in large organisations where it is difficult to talk to a thousand people. They can negotiate annual pay awards with management, represent grievance cases, and explain and advise on complicated changes in employment or pension law.

Jim Ratcliffe

I think the U.K. would be perfectly successful as a standalone country, part of the European marketplace like Norway and Switzerland but without the expensive E.U. bureaucracy.

Jim Ratcliffe

It's always been hard work for us to manufacture in the U.K. It's not a particularly profitable place for us.

Jim Ratcliffe

Unions do have a proper role in negotiating for employees and advising employees, but they have to engage with the employer.

Jim Ratcliffe

Growing Ineos has been a lot of fun.

Jim Ratcliffe

It would be nice if areas could be revitalised - like places in the U.S. such as Pittsburgh, for example, which have been transformed through shale. There you have shiny cars in a shiny city because of the development of shale in an old industrial heartland.

Jim Ratcliffe

You can't have an energy policy that means you can only have a bath when the wind blows.

Jim Ratcliffe

If you go to the U.S., you've got a huge market, cheap energy, good skills, and pensions are a sensible cost.

Jim Ratcliffe

The U.K. is one of the few places in the world that has final salary pensions.

Jim Ratcliffe

If it's hemorrhaging cash, you've got to do something about it. You can't live with your head in the sand.

Jim Ratcliffe

Germany has great skill levels, great infrastructure, high-quality plant. If you go to the U.K., we're very creative, and we've got the language, but energy costs are pretty much the most expensive in the Western world; pensions are pretty expensive, and the skills are significantly below those in Germany and the U.S.

Jim Ratcliffe

I'm not sure we could spell 'shale' in 2008.

Jim Ratcliffe

What we want to see is a long term future for Grangemouth.

Jim Ratcliffe

In America, if you are a landowner, you own the minerals vertically underneath your plot. So if there is shale, you get a share.

Jim Ratcliffe

Shale is one answer to the U.K.'s energy problem, and it has obviously worked extraordinarily well in America.

Jim Ratcliffe