The government announced tougher powers for the consumer watchdog in an effort to combat price gouging amid the ongoing conflict in Iran.
Chancellor Rachel Reeves addressed MPs in the Commons on Tuesday, to outline the measures she intends to take to protect households from rising energy bills.
Her announcement follows a Cobra meeting chaired by the prime minister on Monday, in which cabinet ministers discussed the issues of energy supply and rising bills as a result of the war in Iran.
Concerns have been raised about both the UK’s access to fuel and the effect this is having on energy costs and household bills.
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