Why Billionaire Brexiteers Dyson And Ratcliffe Can’t Commit To Building Cars In Britain - Forbes
Billionaire Jim Ratcliffe, chairman and founder of Ineos Group© 2019 Bloomberg Finance LPBillionaires Sir James Dyson and Sir James Ratcliffe, the latter of chemical giant Ineos, are two of Britain’s big business Brexiteers, both made grand plans in the motoring space to return the U.K. to its former glory in the year following Brexit.However, with news last week that Ineos was considering the move of its reported Grenadier 4x4 project to France, and Dyson having pulled the plug on his own electric vehicle dreams in October, the reality of Brexit (and the complexities of trade) are proving that even for billionaires, building cars from scratch is expensive, risky and yet to receive any competitive advantage from the U.K.’s decision to league the E.U.John Pearce, CEO of Made in Britain, a group that supports U.K. manufacturing, told Forbes that the decisions by two of the U.K.’s best known business leaders were “massively disappointing.” Thousands of jobs across the U.K. supply chain w…
