Vets market faces competition probe amid cost concerns

The UK’s competition body is to forge ahead with an inquiry into the vets market amid concerns that pet owners are overpaying for treatments.

The Competition and Markets Authority (CMA) said it had heard from people who were struggling to pay vet bills and did not always know the best treatment options for their pets.

The vet industry is worth £2bn after pet ownership rose to two-thirds of UK households during the coronavirus pandemic.

But the watchdog cited concerns over a lack of information available for 16 million UK pet owners.

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