LONDON, March 25 (Reuters) - British regulators will take action, including significant fines, against any companies found to be profiteering from the coronavirus emergency, Prime Minister Boris Johnson’s spokesman said on Wednesday.
“The Prime Minister is clear that we don’t want to see profiteering of any kind, and traders must stop any excessive price increases,” the spokesman said.
He said the Competition and Markets Authority (CMA) has created a specific Covid-19 task force to address and remedy concerns that some businesses are exploiting consumers through harmful sales and pricing practices.
Johnson’s spokesman said the CMA can use a range of powers to tackle bad behaviour by companies, including significant fines.
“We will also look at whether any further action is necessary,” he added. (Reporting William James, writing by James Davey; editing by Guy Faulconbridge)