Iceland’s excuses on business rates relief do not stack up
Boss Richard Walker says supermarket cannot afford to return the tax break after using it to buy out biggest shareholder
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Presumably this is what passes for “doing it right” at Iceland: a self-absorbed blog from managing director Richard Walker attempting to justify the grocer’s refusal to hand back its slice of the Government’s business rates relief.
Still, if he was hoping that by quietly slipping out the 1,000-word “explanation” on the company’s website after months of criticism it would make the row go away, it has backfired.