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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Competition watchdog launches vet probe after ‘overpayment’ concerns

CMA

The competition watchdog bit back at the vet sector today, claiming pet owners may be left overpaying for medicine as a wave of buyouts of independent practices has stifled competition.

The Competition and Markets Authority (CMA) is to launch a formal market investigation on the industry after an “unprecedented” 56,000 responses to its initial review, which launched in September. CMA boss Sarah Cardell said the amount of comments “shows the strength of feeling on this issue is high and why we were right to look into this”.

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