Healey’s profiteering warning on food and fuel sparks retailer anger

Chancellor says the government wants to prevent shoppers being ‘taken for a ride’ at the pump or till

The chancellor, John Healey, has said the government is standing by to prevent the public “being taken for a ride at the pump or the till” as the Iran war continues to hit prices.

While there had been “no significant evidence of so-called price gouging” during the crisis, he used a weekend column to tell the big retailers that ministers were “watching closely” for any signs of profiteering.