
Price controls considered in UK to stop hikes in coronavirus essentials
The competition regulator is considering whether to advise the government that price controls may be needed to prevent coronavirus outbreak profiteering.The Competition and Markets Authority (CMA) made its announcement hours after the banking sector revealed it was offering help to customers as growing virus disruption threatens payment deadlines. Meanwhile, the governor of the Bank of England has reiterated that collective action being planned with the Treasury to support the economy would have "maximum impact" if deployed.The CMA said it was urging retailers "to behave responsibly" in their pricing of goods and not exploit the evolving COVID-19 situation.The statement threatened enforcement action against firms charging excessive prices - adding that those making "misleading claims about...