Chancellor Rachel Reeves' claims of petrol pump 'profiteering' amid Iran war slapped down by competition watchdog, sparking fresh accusations she's the 'real profiteer' as her VAT windfall hits £350million thanks to rocketing prices

The Chancellor was publicly humiliated by the Competition and Markets Authority (CMA), which found in a study that margins at the pumps were 'broadly unchanged' since the conflict started.

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