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The Latest Breaking News from CMA

Chancellor to set out action as surging prices spark profiteering fears

Rachel Reeves will make a statement to MPs on Tuesday.

Evening Standard

Reeves to unveil action to protect UK from ‘unfair prices rises’ after crisis meeting over Iran war

The chancellor will outline the action she is set to take in a statement to MPs on Tuesday following Monday’s emergency Cobra meeting

The Independent UK

Keir Starmer signals winter support for household bills amid energy price shock

Any taxpayer-funded financial help will be likely to go to poorest households, rather than to everyone, PM indicates

The Guardian - UK

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Britain must plan for Iran war to continue ‘for some time’, says Starmer amid growing concern over bills

The Prime Minister said he had told his team not to fall into a sense of ‘false comfort’

Evening Standard

Starmer to pledge support for UK’s poorest homes to help with soaring energy bills

Vowing to support working people ‘whatever challenges lie ahead’, the PM will use a press conference on Monday to set out support for those facing soaring energy bills

The Independent UK

Fuel row explodes as Reeves accused of inciting abuse of petrol station staff with 'rip-off' warning

The Government hit back stressing the Chancellor was only telling petrol retailers to ensure motorists get a ‘fair deal at the pump’

Evening Standard

Thieves target heating oil tanks as prices soar amid Iran war

It comes as prices are reported to be as high as £1.73 per litre

The Independent UK

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Starmer says government will step in if fuel companies rip off customers as trade body U-turns on decision not to meet Reeves – as it happened

The prime minister issues the statement after a fuel trade body earlier withdrew from a meeting with the chancellor today

The Guardian - UK

Ministers warn they will not accept wartime profiteering as crackdown on ‘rip-off’ fuel prices launched

Rachel Reeves has asked the competition watchdog to stay on ‘high alert’ for ‘unjustifiable’ price hikes

Evening Standard

Rachel Reeves asks watchdog to ‘crack down’ on fuel ‘rip-offs’ amid Iran war

The Chancellor and Energy Secretary Ed Miliband will hold a meeting at Downing Street with petrol retailers and energy suppliers.

Evening Standard

Reeves and Miliband to demand answers from energy and fuel bosses over rip-off price rises

The chancellor and energy secretary to meet energy bosses to warn against profiteering amid soaring oil prices

The Independent UK

Watchdog puts UK fuel retailers ‘on notice’ over profiteering from Iran war

Competition and Markets Authority will closely monitor pump prices to stop profits being ramped up amid crisis

The Guardian - UK

Watchdog confirms it is looking into petrol prices amid allegations of ‘gouging’ after US-Iran war

The authority warned in December that retailers’ fuel margins remained ‘persistently high’

The Independent UK

Competition watchdog puts fuel retailers ‘on notice’ of price monitoring

The CMA said it will consider how quickly fuel prices rise and fall as wholesale costs change.

Evening Standard

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The Independent UK

‘Troubling reports’ of sudden heating oil price hikes and cancelled orders across UK

Chancellor Rachel Reeves said she was working with the watchdog to tackle ‘any price gouging’

Evening Standard

Competition watchdog probes complaints over sudden heating oil price hikes

The Competition and Markets Authority (CMA) said it had kicked off a review after receiving ‘troubling reports’ from customers.

The Guardian - UK

CMA to investigate heating oil suppliers over ‘blatant profiteering’ from Iran war

Competition watchdog says it will look into ‘concerning reports’ to see if they breach consumer protection laws

Evening Standard

MP warns of ‘blatant profiteering’ among home heating oil suppliers

Sudden volatility in the global oil trade due to Middle East disruption has caused prices to immediately soar.

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The Independent UK

Rachel Reeves warns using public money to tackle soaring oil prices ‘not the solution’

The Chancellor also warned that petrol stations ‘price gouging’ will ‘not be tolerated’

The Independent UK

Watchdog urged to clamp down on heating oil costs after 1.7m UK homes hit by soaring bills

Prices have doubled since the US-Iran war broke out with the Conservatives urging the competition watchdog to ensure ‘fairness’ for customers

The Independent UK

Five water firms prevented from increasing bills as much as they wanted

The water firms argued they wanted to hike bills after Ofwat’s decision left them unable to meet regulatory requirements

The Guardian - UK

Millions in England to pay higher water bills after suppliers appeal

Anglian, Southern, Wessex and South East allowed to raise charges more than originally permitted by watchdog

Evening Standard

Five water firms to hike customer bills by less than they wanted after ruling

Anglian Water, Northumbrian Water, South East Water, Southern Water and Wessex Water will be allowed an average increase of 2.2% in customer bills.

The Independent UK

Heating oil warning issued as costs soar amid Iran war

IN FULL

Evening Standard

Competition watchdog warns suppliers over soaring heating oil costs

Sudden volatility in the global oil trade has caused prices to spike by up to £100 in the past week alone.

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