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Labour’s Plan to Crack Down on Price Gouging | Auckland News
Labour’s bold new plan targets big corporations that charge sky-high prices on essentials like food, gas, and utilities—where competition is weak and consumers have few alternatives. The proposal would make excessive pricing illegal, define it as significantly above competitive market levels over time, and force companies to repay ill-gotten profits. Focused on dominant players—not small businesses—the law would empower regulators and consumers to challenge unfair pricing, drawing from successful models in the UK, Europe, Canada, and Australia. It’s a direct move to curb corporate power and…
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