Britain's fifth richest man, Sir James Ratcliffe, owner of chemical giant Ineos, has furloughed almost 800 members of staff from his luxury hotel groups. AdvertisementOne of those to come under fire using the scheme is Sir James Ratcliffe, majority owner of Home Grown Hotels and Lime Wood Group. He wrote that the schemes had 'prevented significant job loss' and confirmed the company had furloughed 782 staff furloughed. Sir James was last year reported to have had plans to move to tax haven Monaco to avoid paying £4billion. Today's Sunday Times Rich List reveals how the coronavirus pandemic has impacted on the pockets of Britain's wealthiest entrepreneurs.

Source: Daily Mail May 17, 2020 01:08 UTC