Grangemouth refinery in Scotland
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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.