00:00From next week, the two-child limits gone, day one sick pay in, and another rise in the national living
00:11wage.
00:11Prescription charges frozen, train fares frozen, the fuel duty frozen, and the state pension increasing next week by £575.
00:24And since my last statement, the Competition and Markets Authority have stepped up their statutory monitoring of fuel prices, and
00:33I will update on fuel pricing within the next month.
00:37They are working with government to monitor the cost of household essentials for both price rises and disruption, and they
00:45have launched a market study into heating oil.
00:49Today, I can announce that we are going further to make sure that the Competition and Markets Authority have the
00:57powers that they need that were denied to them by the previous government
01:01to detect and to crack down on price gouging, bringing in a new anti-profiteering framework, and considering time-limited
01:11targeted powers for the CMA and other regulators.
01:16This week, the Business Secretary and I will convene the Regulators' Council to discuss their work to protect consumers.
01:24Because, let me say again, this government will not tolerate any company exploiting this crisis at consumers' expense.
01:37You
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