Chancellor warns supermarkets over 'price-gouging' amid Middle East crisis
UKPulse Consumer Desk
Chancellor John Healey has warned supermarkets against 'price-gouging', stating regulators have powers to act. This comes as the Middle East crisis is reportedly increasing the cost of living.
- Chancellor John Healey has warned supermarkets he will not allow them to exploit the public due to the Middle East crisis.
- Healey stated that regulators possess the power to 'clamp down' on 'price-gouging' if it occurs.
Chancellor John Healey has issued a warning to supermarkets, stating he will not permit them to exploit the public amidst the Middle East crisis, which is reportedly driving up the cost of living. Writing in the Sunday Telegraph, Mr Healey vowed to tackle "price-gouging".
He added that regulators have the authority to "clamp down on it if it happens".