The Sunday Times Rich List has been published today, revealing the wealthiest person in the North West to be Sir Jim Ratcliffe.
The annual list highlights the richest people in the UK, often filled with famous faces and business moguls.
This year, the 350 individuals on the list hold a combined wealth of £783.5 billion – that’s about a quarter of the UK’s total annual GDP.
The Sunday Times Rich List also highlighted other North West figures, such as Harry Styles, the Issa brothers, and Tyson Fury.
Other famous faces from elsewhere in the UK include Sir Elton John, Lord Lloyd-Webber, Sir Mick Jagger, Keith Richards, JK Rowling, Charlotte Tilbury and Sir Lewis Hamilton.
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It found that Sir Jim Ratcliffe – chemicals magnate, Ineos CEO, and Manchester United shareholder – still tops the list regionally despite falling revenues and a £515.7 million loss.
Mohsin and Zuber Issa are fourth on the list of the wealthiest in the North West – the Blackburn billionaire brothers founded the EG Group petrol stations, and acquired the supermarket giant Asda.
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Betfred brothers Fred and Peter Done come next, with an estimated net wealth of £3.6bn.
Property developer and Renaker founder (Renaker is behind the Deansgate Square towers) Daren Whitaker saw his wealth grow by £100m in a single year.
Elsewhere on the list are Liam and Noel Gallagher, making their Sunday Times Rich List debut at £375 million.
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Michael and George Heaton, the British brothers behind the Represent streetwear brand, paid themselves minimum wage for a decade before selling a stake and making £18.5m each.
Robert Watts, compiler of the Sunday Times Rich List, said: “This year’s Rich List is a tale of two exoduses. One in six of the individuals and families who appeared on the list two years ago don’t feature this time.
“Many foreign billionaires who have been living in the UK have also dropped out because they have moved away. We have also seen a sharp rise in the number of British nationals now resident in Dubai, Switzerland and Monaco. As UK nationals these people remain on our Rich List — wherever they now live.
“These two exoduses pose challenges for the UK economy and its public finances. Will more of the wealthy now set up or grow their ventures overseas and in doing so create fewer jobs here? How much tax — if any — will Rachel Reeves’s Treasury be able to extract from those affluent Brits who have now left the country?
“For nearly 40 years the Sunday Times Rich List has analysed the fortunes of Britain’s most affluent people. We believe understanding where wealth lies and where it is being accumulated is a vital part of a functioning democracy.
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“Over the years our research has told us a lot about our country, charting the way a generation of largely self-made entrepreneurs overtook the old money of the landed gentry.
“This year’s edition shines a light on fortunes made from artificial intelligence, driverless cars and crypto-currencies as well as baby milk, make-up, hoodies and other everyday items. We know many of our readers find those rags-to-riches stories of entrepreneurs who started out with little more than a laptop and an idea particularly inspiring.”
Three Manchester motorways named in UK’s top 10 ‘most challenging’
Emily Sergeant
Three motorways in and around Manchester have been named the ‘most challenging’ in the UK.
As part of MoneySuperMarket’s new Great British Motorway Report, new research has found that one in three UK motorists find motorway driving ‘stressful’ – despite more than 70 billion miles being travelled on Britain’s motorways each year.
From delays and congestion to high traffic levels, there are a number of factors that can contribute to driver stress levels.
But are some motorways more challenging for drivers than others? According to the data, yes. And three of the top 10 worst motorways in the UK are in and around Greater Manchester.
To find out which are the most challenging, MoneySuperMarket analysed everything from collision rates and roadworks, to lane closures and driver feedback in order to reveal the top 10.
Manchester is home to three of the UK’s top 10 most challenging motorways – the M602, M62, and M60, the latter of which took the top spot on the list.
Three Manchester motorways have been named in the UK’s top 10 ‘most challenging’ / Credit: pxfuel
Encircling Greater Manchester and linking many of the region’s motorways, the M60 recorded the lowest overall score in the index.
Despite handling significant volumes of traffic, the M60 experienced some of the highest average delays, at 15.58 seconds per vehicle per mile, and alongside this, it saw 34 collisions in the past year alone. But despite these challenges, the M60 remains an essential route for regional connectivity, and often cannot be bypassed.
“If you’re feeling anxious, allow extra time for your journey so you don’t feel pressured to rush or make last-minute decisions,” commented Alicia Hempsted at MoneySuperMarket.
“Plan your route in advance, including where you’ll stop for breaks, as regular rest stops can help you stay alert and reduce stress on longer trips, and if you’re travelling alone, consider sharing your route with someone you trust if it helps you feel more comfortable.”
Featured Image – Mike Birdy (via Pexels)
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Chinatown restaurant pleads for help after dine-and-dash customer leaves staff member in A&E
Daisy Jackson
A brilliant restaurant in Manchester’s Chinatown has shared CCTV and a heartfelt appeal after one of its staff members was left in A&E.
Noodle Alley shared that one of its young staff members chased after a group of dine-and-dash customers who’d left without paying for their meal.
The restaurant then said that she was ‘assaulted’ at some point in the chase and ended up in A&E.
In their statement, Noodle Alley said that the staff member ‘had treated them kindly and never expected that kindness to come back to her like this’.
They wrote: “What has this world come to? A violent man sent our staff to A&E over an unpaid meal.”
The CCTV shows a group of three young men, all carrying Selfridges shopping bags, entering the restaurant.
They sit and enjoy a meal, before two of them slip out of the restaurant. The third man then exits but is chased by a Noodle Alley staff member.
It’s at this point – out of the range of the restaurant’s CCTV – that they said she was assaulted ‘after going beyond her duty to try and recover what had been taken’.
The family business said that she has been ’emotionally affected’ by the incident.
The police are involved and the restaurant has appealed for anyone who can help with their investigation to get in touch.
It’s also the second time they’ve appealed about a dine-and-dash customer in the last few months, but this incident went ‘far beyond’ previous incidents.
In their full statement, Noodle Alley said: “We’re a small family business, and lately it feels like small businesses are being targeted again and again.
“But this time, it went far beyond anything we have experienced before.
“One of our young staff members — a girl simply doing her job — was assaulted after going beyond her duty to try to recover what had been taken from our restaurant. She ended up in A&E.
“What hurts us most is seeing how emotionally affected she has been by what happened. She told us she had treated them kindly and never expected that kindness to come back to her like this.
“We work hard to look after our staff and our customers, and nobody should have to go through this simply for doing their job.
“We have reported the incident to the police.
“If anyone recognises these individuals or has any information that could help the police with their investigation, please contact us or the police directly.
“We’re sharing this because we believe our staff deserve to feel safe at work.”