The UK’s ninth richest billionaire, Norwegian-born shipping tycoon John Fredriksen, has said “Britain has gone to hell” and has moved his business out of London in the latest worrying sign of the huge exodus of wealth from the capital.The 81-year-old, who owns one of London’s most prestigious private homes, The Old Rectory in Chelsea, is now said to spend most of his time running his empire from the United Arab Emirates.
