Mike Ashley, founder of Sports Direct, has criticized Prime Minister Andy Burnham's recent retail and cost of living policies, labeling them as populist. In a letter, Ashley expressed concerns over business rates and the rising costs of employment, arguing that these factors are detrimental to businesses. He called for significant reforms in the upcoming Budget, scheduled for October 27.
Ashley also challenged Burnham's proposals to adjust business rates, particularly those targeting large warehouses, suggesting they would not effectively address the challenges faced by High Street retailers. He emphasized the need for a balanced approach that supports both traditional retailers and the evolving market landscape.