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Prices: Coronavirus

Question for Department for Business, Energy and Industrial Strategy

UIN 32195, tabled on 19 March 2020

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to penalise (a) businesses and (b) individuals engaged in (i) price gouging and (ii) profiteering during the covid-19 pandemic.

This answer is the replacement for a previous holding answer.

Answered on

26 March 2020

The Government is clear that excessive price increases exploiting the covid-19 outbreak are unacceptable. We are speaking with retailers daily and the Competition and Markets Authority has established a taskforce to tackle the issue. It has approached traders already to stop excessive price increases. Consumers and businesses should report any issues directly to the taskforce online. The Government is monitoring this situation closely and will take further action if it is necessary.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.