Labour-backing Iceland boss issues warning to Chancellor Rachel Reeves ahead of tax-hiking Budget

THE LABOUR-backing boss of Iceland has warned Rachel Reeves not to squeeze business like a lemon in her nightmare tax-hiking Budget.

Supermarket supremo Richard Walker points out Labour’s “doom-laden” warnings on the economy are in stark contrast to their pre-election promises to be pro-growth.

And he is calling on the Chancellor not to hammer businesses already under the cosh.