Large chains could be squeezing out independent practices, says Competition and Markets Authority
Nils Pratley: competition watchdog is barking up a promising tree
The UK competition regulator is preparing to launch a formal investigation into the veterinary market after identifying “multiple concerns” in an initial review, including that pet owners may be overpaying for treatments and medicines.
The Competition and Markets Authority (CMA) said it wanted to move forward with a full review after an initial inquiry triggered an “unprecedented response” from 56,000 people, including customers and vet professionals, who raised a number of concerns about practices within the £2bn industry.
More Stories
Majority of Australians think China will be world’s most powerful country by 2035, poll finds
Trump’s ‘revenge tax’ could threaten foreign investment into US, analysts say
Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran