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Rachel Reeves will outline plans to guard against unfair price rises amid fears among the public over surging oil and fuel prices sparked by the Iran war. The chancellor will make a statement to MPs after laying out her plans to the prime minister and colleagues in an emergency Cobra meeting on Monday afternoon. Those will include an “anti-profiteering framework” to detect and crack down on companies exploiting the Middle East crisis and help the Competition and Markets Authority root out price gouging. It comes after Sir Keir Starmer said he was looking at boosting the competition regulator’s powers, giving it “further teeth” to deal with profiteering. Broadcast on 24/03/2026 Stream Good Morning Britain live, every weekday from 6am on the ITVX 📲 http://daytimelink.itv.com/WatchGMBYT Subscribe now for more! http://bit.ly/1NbomQa Like, follow and subscribe to Good Morning Britain! The Good Morning Britain YouTube channel delivers you the news that you’re waking up to in the morning. From exclusive interviews with some of the biggest names in politics and showbiz to heartwarming human interest stories and unmissable watch again moments. Join Susanna Reid, Ed Balls, Kate Garraway, Richard Madeley, Charlotte Hawkins and Sean Fletcher every weekday on ITV from 6am until 9 every weekday! ITVX: http://daytimelink.itv.com/WatchGMBYT Website: http://bit.ly/1GsZuha YouTube: http://bit.ly/1Ecy0g1 Facebook: http://on.fb.me/1HEDRMb Twitter: http://bit.ly/1xdLqU3 http://www.itv.com #GMB