Iceland boss halts store openings amid cost-of-living crisis

Richard Walker, the managing director of Iceland, has warned that Liz Truss’s plan to cut business rates for SMEs would not meet the size of the challenge

Iceland has reportedly contacted No 10 directly with a plea to prepare an “immediate and radical” cost-of-living package, according to The Guardian, as the retailer has been forced to stall the openings of new stores in light of the rise in energy costs.

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