LONDON, March 23 (Reuters) - Britain's Prime Minister Keir Starmer said on Monday that his government may consider expanding the powers of the competition regulator to tackle price gouging and
UK Government Mulls Broader Powers for CMA to Combat Energy Market Profiteering
Government Response to Energy Market Profiteering
Prime Minister's Statement on Tackling Price Gouging
LONDON, March 23 (Reuters) - Britain's Prime Minister Keir Starmer said on Monday that his government may consider expanding the powers of the competition regulator to tackle price gouging and profiteering in the energy market, given the impact of the Middle East conflict.
Potential Expansion of CMA Powers
"We are looking at measures to deal with profiteering ... we might look at what further teeth we can give the CMA (Competition and Markets Authority) to deal with this," Starmer told a parliamentary committee.
Focus on Anti-Profiteering Efforts
"I want to see more on price gouging or profiteering ... we're actively considering whether the CMA should have additional powers to deal specifically with that, but at the moment we're making sure they're focused on anti-profiteering."
(Reporting by Muvija M; Editing by Catarina Demony)
