Blair McDougall

My hon. Friend makes his point powerfully. The argument that the Government sometimes hear from business is that it is about the cost of the property. He is shaking his head, and I will try to transmit the shaking of his head throughout the system on his behalf. He makes an important point. I reiterate my thanks for all the contributions to the debate, and congratulate my hon. Friend on securing it. I assure him that we will not be complacent on this issue. Using the DMCC Act and the CMA’s recent work on pricing, we are working to take tangible steps to ensure that pricing practices are fair and transparent, and that businesses across the economy are held accountable. Where specific markets require more targeted interventions, the Government have been willing to do so. We have seen that recently with the regulation of buy now, pay later arrangements and ensuring that customers continue to pay fair prices for energy. Our work will not stop there. We are always testing the case for going further, working in partnership with regulators and enforcers to ensure that consumers are adequately protected as pricing practices evolve. I thank hon. Members for their contributions to the debate.