Published by Global Banking & Finance Review®
Posted on February 11, 2026
4 min readLast updated: February 12, 2026
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Keir Starmer criticizes Jim Ratcliffe's comments on immigration, calling them offensive and urging an apology. Immigration remains a key concern in UK politics.
By William James
LONDON, Feb 11 (Reuters) - British billionaire Jim Ratcliffe said on Thursday he was sorry he had offended some people by saying the country had been "colonised by immigrants", after Prime Minister Keir Starmer joined a chorus of criticism over the remarks.
Ratcliffe, one of Britain's most successful businessmen, responded to the outcry with a statement saying it was important to raise the issue of immigration, but that he regretted his "choice of language" had caused concern.
The founder of chemicals giant INEOS, and owner of nearly a third of Manchester United, had told Sky News that high migration and people living on benefits were damaging the economy.
FINANCE MINISTER: COMMENTS WERE 'DISGUSTING'
"You can't have an economy with nine million people on benefits and huge levels of immigrants coming in. I mean, the UK has been colonised - it's costing too much money," Ratcliffe said in the interview aired on Wednesday.
"The UK has been colonised by immigrants, really, hasn't it?" he added.
Starmer said the remarks were wrong and would play into the hands of those who wanted to divide the country. Finance minister Rachel Reeves said the comments were "unacceptable" and "disgusting".
On Thursday, INEOS issued a statement from Ratcliffe in response to "reporting of his comments".
"I am sorry that my choice of language has offended some people in the UK and Europe and caused concern but it is important to raise the issue of controlled and well-managed immigration that supports economic growth," he said.
He said he wanted to stress that governments must manage migration alongside investment in skills, industry and jobs to ensure long-term prosperity is shared by everyone, and that it was "critical that we maintain an open debate on the challenges facing the UK".
Starmer's spokesperson said it was right for him to apologise. Asked if an apology about offence caused rather than the comments themselves were enough, the spokesperson said questions on the detail of the apology were for Ratcliffe.
MANCHESTER UNITED FANS FLAG UP USE OF 'COLONISED'
His comments were condemned by politicians, campaigners and by fan groups at Manchester United, including its Muslim Supporters Club who said the term "colonised" was frequently used by far-right activists to frame migrants as invaders.
"Public discourse shapes public behaviour," the group said. "When influential figures adopt language that mirrors extremist talking points, it risks legitimising prejudice and deepening division."
Others noted that the Manchester United first team was largely made up of international players and staff, and questioned whether Ratcliffe should be commenting on British politics when he had moved to the tax haven Monaco.
Before Ratcliffe's response, The Mayor of Greater Manchester Andy Burnham said Ratcliffe's comments were inflammatory and should be withdrawn.
IMMIGRATION DEBATE HAS INTENSIFIED
Immigration has consistently been among the top voter concerns in Britain according to opinion polls, and has helped fuel the rise of Nigel Farage's right-wing populist party Reform UK.
Rhetoric around immigration has hardened in recent years and a wave of protests broke out last summer outside hotels housing asylum seekers. Widespread rioting also occurred in 2024, sparked by false information circulating online that a teenager who killed three young girls was an Islamist migrant.
Sky said Ratcliffe had cited incorrect figures to back up his argument. He said the population had risen from 58 million to 70 million people since 2020. The Office for National Statistics estimates the UK population was 67 million in mid-2020 and 69 million in mid-2024.
The population was around 59 million in 2000. Ratcliffe and his office did not immediately respond to Reuters questions about the figures he used.
Farage responded to the comments by saying that Britain had undergone mass immigration that had changed the character of many areas in the country. "Labour may try to ignore that but Reform won't," he said.
(Reporting by Sam Tabahriti, William James and Muvija M; writing by Kate Holton; Editing by Edward Tobin, Toby Chopra and Andrew Heavens)
Immigration is the process of individuals moving to a country to live, work, or study. It can significantly impact the economy, culture, and demographics of the host country.
The UK economy is a highly developed and market-oriented economy. It is characterized by a diverse range of industries, including finance, manufacturing, and services, contributing to its GDP.
Brexit refers to the United Kingdom's decision to leave the European Union, which was officially enacted on January 31, 2020. It has significant implications for trade, immigration, and economic policies.
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