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Business: Coronavirus

Treasury written question – answered on 24th March 2020.

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Photo of Laurence Robertson Laurence Robertson Conservative, Tewkesbury

To ask the Chancellor of the Exchequer, what steps he is taking to prevent businesses engaging in excessive profiteering during the covid-19 outbreak.

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury

This is first and foremost a public health emergency but the coronavirus is having a significant impact on people’s lives and on our economy. The government has announced an unprecedented package of measures to support jobs, incomes and businesses, and will do whatever it takes to get our nation through this crisis. At the same time, the government expects businesses to play their part too, to act responsibly and not seek to make excessive profits. The Competition and Markets Authority have launched a Covid-19 taskforce to monitor the market and enable them to intervene as quickly as possible where required.

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