The chancellor and energy secretary to meet energy bosses to warn against profiteering amid soaring oil prices

Surge in oil prices could push inflation 1pc higher by end of year, fiscal watchdog warns MPs

The chancellor and energy secretary to meet energy bosses to warn against profiteering amid soaring oil prices

The trade body’s explosive intervention came after Rachel Reeves asked the competition watchdog to crack down on ‘rip-off’ fuel prices amid the Iran war

Reeves has pledged to support those battling with escalating energy bills amid the Middle East crisis