Ineos Automotive Ltd., owned by chemicals tycoon and Brexit-backing billionaire Jim Ratcliffe, said it would build its electric 4x4 at a factory in Graz, Austria.

But six years on, reality is kicking in and some of the most ardent Brexiteers - including the heads of major UK employers - are starting to change their tune.

Billionaire Sir Jim Ratcliffe, a Leave campaigner in the run-up to the 2016 Brexit referendum, has confirmed a new 4x4 vehicle will be built in France.

Brexiter Ineos boss, who has an estimated £17.5bn fortune, officially changes tax domicile.

Brexit-backing billionaire Jim Ratcliffe is in talks to build his Grenadier off-road vehicle, a paean to Britain’s adventurous spirit, in France.

Billionaire said Britain would be 'perfectly successful' outside of the EU, but is now opting to leave.

According to reports he would legally share with his senior executives Andy Currie and John Reece, between £1bn and £10bn tax-free.