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UK plans anti-price-gouging measures amid rising fuel costs tied to Iran conflict.
Chancellor Rachel Reeves is introducing an anti-profiteering framework to shield UK consumers from unfair price hikes amid rising fuel costs tied to the Iran conflict.
She will present the plan to MPs after an emergency Cobra meeting, aiming to empower the Competition and Markets Authority with temporary, targeted powers to combat price gouging.
The government is also exploring government-backed indemnities to accelerate nuclear energy projects and reduce reliance on volatile fossil fuels.
Prime Minister Keir Starmer emphasized the UK’s focus on national interests, warned the conflict could continue, and confirmed a delayed defence investment plan is under review, with potential for closer EU defence cooperation.
Meanwhile, HMS Dragon has arrived in the eastern Mediterranean to support Cyprus’s defence.
El Reino Unido planea medidas contra la manipulación de precios en medio del aumento de los costos de combustible vinculados al conflicto con Irán.