Billionaire Man United owner says he has lost confidence in the UK

Ineos founder Sir Jim Ratcliffe tells the he thinks the country is "on the slide" and calls for more investment in the North Sea. Officials and experts continue to monitor developments closely as the situation unfolds. Communities affected by the story are watching for further updates in the days ahead.

Analysts say the implications could extend well beyond the immediate headlines, with policymakers and industry leaders expected to respond in the coming weeks. Readers following this story should check back for the latest details as new information becomes available.