Ashley Slams Burnham's High Street Plan | Business and Finance News

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Recorded28 Aug 2026

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Mike Ashley is firing back at Andy Burnham’s high street rescue plan, calling it “delusional” and warning that without tax cuts and real business relief, retailers will collapse further. He argues that soaring labor costs, punitive business rates, and minimum wage hikes are forcing shops to slash jobs — not helping consumers or communities. Ashley also questions Burnham’s strategy for turning around Harvey Nichols, while sounding the alarm on rampant shoplifting costing his company £40 million annually and endangering staff. He defends deep discounts as consumer-friendly, blaming price-fixing by brands — like the uniform England football shirt prices during the World Cup — for keeping prices artificially high. Ashley insists the government must tackle legal barriers to competition, not just slap small fines, if they want to save Britain’s high streets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d29c9661a22545b2

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