Mike Ashley slams Burnham’s ‘populist’ plans to revive high street
Mike Ashley said Burnham’s high-street agenda relies on media soundbites and warned that rising business rates and employment costs are hurting shops.
- Billionaire businessman Mike Ashley criticized Prime Minister Andy Burnham's high-street plans as "delusional," arguing they will not help revive British shops.
- The Prime Minister has focused on "Reviving Britain" by pledging to cut business rates for pubs and giving councils powers to block betting shops.
- Ashley warned that shops will be "further devastated" unless business rates are cut, estimating store theft costs The Frasers around 40 million a year.
- In his letter to Labour, Ashley argued "rather than address the real underlying issues," the Prime Minister relies on regulation instead of tackling job losses.
- While Ashley welcomed comments on business rates in the next Budget, he warned it was "too little, too late," calling for systemic changes across Britain.
11 Articles
11 Articles
The Independent (US)
Western Morning NewsBurnham’s plans to revive high street are ‘delusional’, Mike Ashley says
The Frasers founder has heavily criticised the prime minister, warning that shops will be ‘further devastated’ unless business rates are cut
Evening Standard
The IndependentAndy Burnham’s plans to revive high street are ‘delusional’ – Mike Ashley
The businessman also accused the Prime Minister of picking good media soundbites rather than addressing the country’s underlying financial issues.
Mike Ashley slams Burnham’s ‘populist’ plans to revive high street
Retail tycoon Mike Ashley has blasted Andy Burnham’s proposals to revive the British high street as “populist” and “too little too late”. The billionaire Sports Direct and Frasers Group founder has written to the Prime Minister accusing him of failing to tackle the cost of living with “delusional” policies. The causes of the UK’s rising cost of living “have not been assisted by recent government policies and are not going to be helped by your r…
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