Category: Competition and Markets Authority

Labour vows to cut financial ‘red tape’’ and ‘unashamedly champion’ UK sector

Report shows Labour move to scrap many rules and processes as party denies plan will dilute consumer protectionsMartha Lane Fox: green economy must be next UK government’s No 1 priority Labour has pledged to...

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Telegraph takeover decision put back by fresh inquiry into Barclay family’s UAE-backed deal

Regulators’ reports on public interest risk now due on 11 March after late change in consortium’s structure prompts further reviewTelegraph CEO steps downA second investigation has been launched into the Barclay...

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Iceland boss hits out at parent ‘exploitation’ in baby milk market

Richard Walker calls for price cap on infant formula as competition watchdog finds evidence of greedflation The boss of Iceland has hit out at “exploitation” of new parents and joined calls for a price cap on baby...

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Fuel retailers to be made to publish live prices after ‘using motorists as cash cows’

Drivers paying more for petrol and diesel than before Covid because of weakened competition, says CMABusiness live – latest updatesThe UK energy secretary has accused fuel retailers of using motorists as “cash...

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UK watchdogs agree on ‘action plan’ to prevent consumers being ripped off

Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisisBritain’s watchdogs have agreed to a suite of measures aimed at protecting consumers from being ripped off by...

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Jeremy Hunt to ask UK regulators to investigate firms exploiting price rises

Chancellor to meet watchdogs to discuss claims that company profiteering is stoking inflationBusiness live: Primark-owner lifts profit forecast after price risesJeremy Hunt will ask industry regulators what they are doing about...

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UK watchdog denies it blocked Microsoft deal on orders of US regulator

Head of Competition and Markets Authority tells MPs decision not to allow acquisition of Activision Blizzard based on ‘own analysis’The UK’s competition watchdog has denied acting on the orders of the Federal...

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UK supermarkets face calls for ‘profiteering’ investigation as inflation soars

Lib Dem leader calls for watchdog to probe reports of big retailers and food multinationals inflating markupsBritain’s biggest supermarkets are facing calls for the UK’s competition watchdog to investigate claims of...

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Major tech firms face hefty fines under new digital consumer bill

Global companies like Google, Apple and Amazon could have to pay penalties of up to 10% of their global turnover as government gives competition watchdog more powerMajor tech firms face the threat of multibillion-pound fines for...

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Ministers face calls to intervene in ‘scam’ Covid travel test system

Travellers have complained of unfair prices, missed deliveries and slow processing of PCR testsCoronavirus – latest updatesSee all our coronavirus coverageThe government is coming under pressure to intervene amid concerns...

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