 ( Anadolu Agency via Getty Images) He also said businesses should accept low or no profits during the cost of living crisis. And he appeared to back calls for free school meals to be extended to all kids on Universal Credit. He said: 'We've got 800,000 kids living in poverty who don't qualify for free school meals. 'The easiest way to reach them is through the Universal Credit scheme but also through businesses doing what they can, because many of those children are kids of my Iceland customers.' Millions of homeowners will be hit with new p){kind=link}
Iceland managing director Richard Walker, who is bidding to be a Conservative MP, said some costs are yet to rise and ‘I don’t know’ when the 89p price for a pint will hit £1
One pint of milk could soon cost £1, a supermarket boss suggested today.
Iceland managing director Richard Walker said “I don’t know” when the chain’s current 89p price for a pint will rise further.
He told the BBC “we work day and night to keep those prices as low as possible” but “it will get worse”.
The firm already does not make money on milk, he said, but “I’ve got cost prices currently on the table from big branded suppliers that we haven’t stomached yet as a business, let alone had to pass on to our customers.