The boss of supermarket giant Iceland has issued a desperate plea as stores are unable to open to shoppers. The retailer's CEO, Richard Walker, says it is in 'trouble' and has called on the government for fast action.
Mr Walker says that extortionate costs have left his business “fighting to keep the lights on” and is calling for an energy price cap for businesses in the UK. Speaking to The Guardian, he raised his fears about a “half-baked response” from newly appointed Prime Minister, Lizz Truss.
He worries that her plans will fall way short of addressing people’s needs as banking giant Goldman Sachs warns that UK inflation could top 22% next year. Mr Walker is particularly critical of Liz Truss’ plans to cut business rates for small and medium businesses as he believes it “won’t even touch the sides”.
