Iceland supermarket boss becomes Labour peer
Richard Walker, the boss of Iceland supermarket, is set to be appointed a Labour peer in the House of Lords, reports BritPanorama.
Mr. Walker aims to advocate for solutions addressing the ongoing cost of living crisis following his appointment. He will be one of approximately 25 new peers announced by Labour leader Sir Keir Starmer as he seeks to bolster the party’s representation in the Lords after recent setbacks.
The inclusion of Mr. Walker has generated positive sentiment within party circles. A Labour source expressed enthusiasm, highlighting his commitment to issues affecting families, including initiatives to make infant formula more affordable and measures to protect consumers from loan sharks.
“He will be a strong voice in Parliament and we are delighted to welcome him,” the source stated.
Mr. Walker previously launched interest-free loans for Iceland customers amid the inflation crisis in 2022. Additionally, the supermarket has gained attention for its policy that rewards customers for reporting shoplifters, offering £1 on their bonus card for each incident reported. This initiative underscores the company’s approach to community engagement and security.
Under Mr. Walker’s leadership, Iceland has also distinguished itself by becoming the UK’s largest employer of former prisoners, conducting over 1,000 interviews with ex-offenders in a bid to facilitate their reintegration into the workforce.
Although there were speculations regarding his candidacy for the Conservative Party, Mr. Walker departed from the Tories in 2023, declaring that the party had become “out of touch.”
The formal announcement of the new peerages is expected shortly before Christmas.
This development marks a notable shift in the Labour Party’s strategy as it seeks to address pressing social issues through the expertise of business leaders, reflecting an evolving dynamic in UK politics. The effectiveness of such appointments in enhancing the party’s influence and addressing the needs of constituents will be closely observed in the coming months.
