Reeves vows to ‘crack down’ on energy and fuel bosses exploiting Britons through ‘rip-off’ prices – UK politics live
The chancellor is set to meet with energy bosses over concerns that companies are profiteering from oil and gas pricesEnergy minister Michael Shanks said concerns over the rising cost of heating oil are “clearly a huge worry”, as prices almost trebled since the start of the Iran war.When asked...
<p>The chancellor is set to meet with energy bosses over concerns that companies are profiteering from oil and gas prices</p><p>Energy minister <strong>Michael Shanks</strong> said concerns over the rising cost of heating oil are <strong>“clearly a huge worry”</strong>,<a href="https://www.theguardian.com/money/2026/mar/10/uk-households-heating-oil-surge-bills-iran-war-prices-treble"> as prices almost trebled since the start of the Iran war.</a></p><p>When asked about the impact of soaring oil prices on households, he told Sky News: “We’ve been really clear with the Competition and Markets Authority that <strong>we wouldn’t stand for any profiteering or price gouging.</strong></p> <a href="https://www.theguardian.com/politics/live/2026/mar/13/reeves-vows-to-crack-down-on-energy-and-fuel-bosses-exploiting-britons-through-rip-off-prices-uk-politics-live">Continue reading...</a>
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