Richard Walker

Richard Walker is the executive chair of the UK supermarket chain Iceland and has recently been appointed as a Labour peer by Keir Starmer. Formerly a Conservative supporter and prospective Tory MP candidate, his move to Labour represents a significant political shift. He also serves as the government's "cost of living champion." Walker is newsworthy due to his political transformation and his active role in addressing the cost of living crisis. Recently, he urged ministers to consider a temporary cap on the profits of energy and petrol companies. Additionally, he ended Iceland's decade-long trademark dispute with the country of Iceland, offering a "rapprochement discount" to shoppers there. His positions in both business and government make him a relevant voice in discussions about economic policy and consumer welfare.