Media playback is unsupported on your device

Ineos boss says high energy costs in UK is uncompetitive

16 December 2013 Last updated at 22:43 GMT

The owner of one of the biggest chemical makers in the world has warned that the high cost of energy in the UK is having a damaging impact on British manufacturing.

Jim Ratcliffe, who runs Ineos, a company with £40bn worth of sales worldwide, said expensive energy was making the UK uncompetitive.

The BBC's business editor Robert Peston reports.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.