Sports Direct Founder Mike Ashley Condemns Prime Minister Burnham's Retail Policies

Mike Ashley, the billionaire founder of Sports Direct and Frasers Group, has launched a scathing critique of Prime Minister Burnham's High Street and cost of living policies, labelling them 'populist'. In a letter, Mr Ashley accused the Prime Minister of 'jumping on “everyday fixes” or bandwagons', suggesting a lack of serious, long-term economic planning for the retail sector.

Mr Ashley's intervention comes as the government faces increasing scrutiny over its approach to the struggling retail landscape and persistent cost of living pressures. His comments underscore a significant divergence in perspective between major business figures and the current administration's economic agenda, particularly concerning the viability of High Street retail without more comprehensive support.