Small Businesses: Fylde
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of higher fuel costs on small and medium-sized enterprises in Fylde constituency.
Answered by Blair McDougall
The government recognises that high energy prices remain a concern for small and medium sized businesses. We are closely monitoring the situation in the Middle East and its impact on international energy markets.
Fuel markets are governed by competition and consumer protection law, overseen by the Competition Market Authority (CMA). The government and the CMA are closely monitoring petrol and diesel prices in the United Kingdom and have met with fuel retailers to emphasise that unfair practices will not be tolerated.
The government is engaging regularly with refiners, importers and distributors to ensure any emerging risks are identified and managed promptly.
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