What does Asda's executive chairman Allan Leighton identify as the main problem with Britain's current economic strategy, and what change does he call for?

Allan Leighton states that Britain 'hasn't had an economic plan for growth, [but] had an economic plan that inhibited growth' — specifically citing higher employer taxes and packaging levies imposed by the Labour government as cost burdens that hold business back. He calls for a clear economic strategy focused on supporting growth instead of restraining it, and expresses hope that new Prime Minister Andy Burnham and Finance Minister John Healey will shift policy in that direction, especially ahead of Healey's first budget on October 28.

How does Allan Leighton assess Finance Minister John Healey, and what does he say about food inflation pressures facing Asda?

Leighton describes John Healey as 'a very sensible guy' and believes he 'will probably be quite a good chancellor'. On food inflation, he attributes further pressure to England's ongoing drought, saying 'in produce there is bound to be some [inflation] because of the production capacity and capability at this moment in time', while noting that Asda continues to inflate 'behind the rest of the market'.

Britain needs clear economic plan to drive growth, Asda boss says

Aug 28, 2026

Asda chairman Allan Leighton called for a clearer UK economic growth strategy, citing burdensome taxes and packaging levies. He also warned that drought conditions will inevitably drive up food inflation.

reuters

2026-08-28

Britain needs clear economic plan to drive growth, Asda boss says

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Britain needs clear economic plan to drive growth, Asda boss says

FAQ