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22.03.26 - 14:36
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Starmer adviser urges ministers to look at profits cap for energy and petrol firms (The Guardian)
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PM's 'cost of living champion' calls for consideration of temporary measure to prevent profiteering from Iran warThe government's top cost of living adviser has called on ministers to explore a temporary cap on the profits of energy and petrol companies to prevent them from cashing in excessively on the war in the Middle East.Richard Walker – a Labour peer, chair of Iceland supermarkets and the prime minister's “cost of living champion” – said he had asked the government to examine limiting how much businesses were able to benefit from higher energy prices after Iran's blockade of the strait of Hormuz, a crucial shipping route for Europe's oil and gas, and the wider conflict in the region. Continue reading......
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