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Sunday 22/02/2026

Richard Walker's Political Shift: From Conservative Supporter to Labour Peer

Businessman in front of UK Parliament shifting from blue to red
Alex CarterAlex Carter

In This Article

HIGHLIGHTS

  • Richard Walker, chairman of Iceland supermarket, is set to become a Labour peer, marking a significant political shift.
  • Walker, formerly a Conservative supporter, criticized the party for being "out of touch" and praised Labour leader Keir Starmer.
  • Labour plans to appoint 25 new peers, including Walker, to strengthen its presence in the House of Lords.
  • Walker took over Iceland in 2023 and was recognized with an OBE for services to business and the environment.
  • Despite Labour's majority in the Commons, it remains outnumbered by Conservatives in the Lords.

Richard Walker, the chairman of Iceland supermarket, is poised to join the House of Lords as a Labour peer, a move that underscores his dramatic political transformation. Once a staunch supporter of the Conservative Party, Walker's nomination by Labour leader Keir Starmer highlights a significant shift in UK politics.

A Change of Heart

Walker's journey from Conservative supporter to Labour advocate has been swift and notable. In 2023, he publicly criticized the Conservative Party for being "out of touch" with business and environmental issues. His disillusionment with the party's handling of the economy and climate change led him to support Labour, praising Starmer as having "exactly what it takes to be a great leader."

Strengthening Labour's Presence

The Labour Party plans to appoint 25 new peers, including Walker, to bolster its influence in the House of Lords. Despite holding a majority in the House of Commons, Labour remains outnumbered by the Conservatives in the Lords, with 210 peers compared to the Tories' 282. Walker's appointment is seen as a strategic move to bring a business-oriented perspective to the Labour benches.

Business Acumen and Recognition

Walker assumed leadership of Iceland in 2023, succeeding his father, Malcolm Walker, who founded the chain in 1973. His contributions to business and the environment were recognized with an OBE in the 2022 Birthday Honours. Walker's business insights are expected to be a valuable asset to Labour, particularly in shaping policies related to economic growth and EU relations.

A Voice for Change

As a Labour peer, Walker aims to advocate for policies that promote inclusive growth and improved relations with the EU. His appointment adds a rare business voice to Starmer's government, which has faced criticism from some sectors over national insurance increases. Walker's presence in the Lords is anticipated to bring a fresh perspective to Labour's economic strategies.

WHAT THIS MIGHT MEAN

Richard Walker's appointment as a Labour peer could signal a broader trend of business leaders aligning with Labour, potentially reshaping the party's economic policies. His influence may encourage Labour to adopt more business-friendly approaches, particularly in areas like EU relations and economic growth.

Politically, Walker's shift could inspire other former Conservative supporters to reconsider their affiliations, potentially impacting the balance of power in the House of Lords. As Labour seeks to strengthen its presence in the upper house, Walker's business acumen and advocacy for change may play a pivotal role in shaping the party's future direction.