The UK's honours committee is said to have created a 'Ratcliffe clause' to claw back knighthoods after the row caused by petrochemicals billionaire Sir Jim Ratcliffe moving to a European tax haven. The founder and chief executive of petrochemicals company Ineos, 68, has moved from Hampshire to the tax-free sovereign city state on the Med. Ratcliffe was the UK's third highest individual taxpayer and forked out £110million in 2017-18, according to the Sunday Times tax list. Sir Jim isn't the first Briton to make the move. Sir Jim has made expeditions to the North and South Poles, as well as a three-month-long motorbike trek in South Africa.

Source: Daily Mail February 23, 2021 12:29 UTC