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UK Economy in Ruins! Tycoon Criticizes Government's Inability to Face Trump and Moves Business to UAE

UK Economy in Ruins! Tycoon Criticizes Government's Inability to Face Trump and Moves Business to UAE

A shipping tycoon who developed his business in the UK has expressed disappointment with the country's economic situation, criticizing the government for having 'no hope' in negotiations with the United States under President Trump. This billionaire, valued at £13.7 billion (approximately NT$ 550 billion), has reportedly closed his company in the UK and moved to the United Arab Emirates to continue business.

John Fredriksen is one of the nine richest individuals in the UK, and he believes the country's economic condition is akin to 'hell.' He specifically criticized the government's handling of trade negotiations with Trump as 'hopeless.'

According to reports, Fredriksen has shut down the London headquarters of his company, Seatankers Management. It is worth noting the ongoing trend of wealthy individuals leaving the UK, with consultancy Henley & Partners predicting that 16,500 high-net-worth individuals will depart the UK by 2025, a figure significantly higher than in other countries.