UK government responds with support package and trade measures
2 Sep 22 · 1d ago · 1 post · 2 comments · 2 sources · development 2 of 2
The Department for Business, Innovation, Science and Trade acknowledged the move as a 'concerning time' for workers and outlined existing support: £350 million for strategically important chemicals producers on a co-investment basis, trade measures against foreign chemical imports, and electricity cost relief through the Supercharger and British Industrial Competitiveness Scheme.
“We've taken bold action to support our chemicals industry including £350 million for strategically important chemicals producers, which will be available on a co-investment basis.”
Department for Business, Innovation, Science and Trade spokesperson
Sir Jim Ratcliffe Ineos owner and billionaire industrialistIneos Chemical manufacturing firmUK Department for Business, Innovation, Science and Trade Government oversight
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Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch
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first by The Times, 1d ago · also Guardian, BBC
2 more headlines
What people said 2 voices · verbatim
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Are we not talking about the commercial price of gas? Talking about the wholesale price is neither here nor there as it doesn't take into account any tax lol. You're responding to a post talking about how the commercial price of gas is making UK business uncompetitive, it's obviously going to be talking about the commercial price, not just…
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A solution would be to build his own LNG vessels/ports and get in the business of importing it himself, rather than buying it on the free market from other importers, where gas has spiked massively in recent days due to war. But of course it's easier to just complain to the media than do anything else.
All 2 developments of Ratcliffe shuts UK chemical plants, blames gas prices 12x… →
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