CMA warns firms it will act decisively against price gouging

Petrol pump

In a letter responding to Chancellor Rachel Reeves, CMA CEO Sarah Cardell said the situation in the Middle East was driving up wholesale prices for core commodities and would inevitably put upward pressure on prices

The Competition & Markets Authority has warned it will act “without hesitation” to use its full range of powers if it finds evidence of price gouging in the wake of the ongoing war in Iran.

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