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Ex-Conservative Richard Walker Becomes Labour Peer Amid Controversy

12/7/2025

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Summary

Story summary

Richard Walker, chairman of Iceland, is set to become a Labour peer.
He took over the frozen food retailer in 2023 and left the Conservative Party over its 'out of touch' stance.
Walker previously served on the Conservative government's business council, criticized Labour for raising employer national insurance contributions, and endorsed Labour leader Sir Keir Starmer.
Labour holds 210 peers in the House of Lords, while the Conservatives have 282.

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Story summary

Richard Walker, chairman of Iceland, is set to become a Labour peer.
He took over the frozen food retailer in 2023 and left the Conservative Party over its 'out of touch' stance.
Walker previously served on the Conservative government's business council, criticized Labour for raising employer national insurance contributions, and endorsed Labour leader Sir Keir Starmer.
Labour holds 210 peers in the House of Lords, while the Conservatives have 282.