Bloomberg Talks

Iceland Chairman Richard Walker Talks 'Bold' UK Budget

Richard Walker, Executive Chairman of Iceland and Labour Peer, says a 'do no harm' budget from UK Chancellor John Healey is not enough given the cost of doing business is 'exceptionally expensive' in Britain, something he doesn't think politicians appreciate. He says the reported 4% hike to the national living wage would have a 'significant' impact on his business, and talked up tackling welfare reform, debt interest payments, and reviving the UK retail sector. He joined Bloomberg's Caroline Hepker and Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.