questionText: To ask the Secretary of State for Business and Trade, with reference to HM Treasury’s press release entitled Chancellor commits to new anti-profiteering powers and fights back on rising bills, published on 20 May 2026, what criteria will be used to determine whether price increases are deemed unjustified profiteering.
answerText: Bearing down on the cost of living is a priority for the government, including addressing the impact of the Iran conflict. My officials are rapidly developing legislation to grant the Competition and Markets Authority (CMA), and potentially other regulato...
heading: Billing: Profits