Retail giants warn Burnham against a high-street "tax raid" as bond markets send borrowing costs to decade highs
Andy Burnham's Commons debut as Prime Minister was overtaken within hours by two pressures: a bond-market rout leaving him facing a shortfall of up to £14 billion, and a warning from M&S, Tesco and the Retail Jobs Alliance against funding a high-street revival with higher taxes on large shops.
Vicky Richter · 2 September 2026










