Energy Markets
UK will toughen its regulatory powers against price gouging
Finance Minister Rachel 'Reeves announced on Wednesday that Britain would give its competition watchdog greater powers to 'crackdown on companies who it determines have unfairly increased prices during crises. This move is a formalisation of the warnings made earlier this year by Keir starmer. He said that the government was prepared to give "further tooth" to the Competition and Markets Authority to combat suspected price gouging, as energy prices?surged after the U.S. and Israel’s attack on Iran. The new framework for "anti-profiteering", which was announced by the CMA, would give it and other regulators tools to take action faster in...