Retailers warned over raising prices during virus crisis

THE Competition and Markets Authority has reminded retailers and businesses not to increase prices due to coronavirus after reports Sports Direct had raised prices on several exercise products.

A CMA spokesman said: “We have already warned all traders not to exploit the current situation through unjustifiable prices.

"We have a new Covid-19 taskforce reviewing evidence of harmful sales or pricing practices, and we will do whatever is required to stop a small minority of businesses that may seek to exploit the present situation.”