UK CMA drops vet ownership disclosure rules
UK pet owners risk being ripped off by private equity firms as vet ownership rules change. CMA says vet firms don't need to disclose their ultimate owners. Why not? Why is ownership by PE to be obscured? Pet owners pay 16.6% more on average at large vet groups than at independent practices.
Merluzo8This was my experience 15 years ago. The first question I always got at reception was, "are you insured?" (we weren't). The practice' ethos was, if it can be done, we'll do it and you'll pay. So we went to a small independent practice and never regretted it.
Terry Prince5"Risk being"? So we're not being ripped off already? Really?
Phil Aisthorpe 🔶️5The British public is being farmed by private equity. These are wealth extraction systems that have no interest in the outcomes for society. Whatever happened to the idea of stakeholder value where companies work for the interests of everyone - shareholders, customers, employees, and community?
Frank’s back4The great corporate rip-off continues. Main dealership just offered to check my out of warranty car for “One hour of workshop time billed at £168.”
Nualaatpeace4I want your money 🤑 But, you have no business asking me who I am? Something is very amiss here. Look, ask seek before parting with a penny 💯 Or go elsewhere.
John McMinn3Our two local independent vets have huge waiting lists. This suggests people are working this out for themselves. We certainly got our fingers stung when our previous independent vet got taken over by IVC. We are currently on both waiting lists!
Avril Jones 📷5New New Labour are clearly continuing where the Tories left off. Protecting the gouging profiteers (aka thieves) at the expense of pet owners. Next general election I’ll vote for a party that vows to end all this blatant robbery of the public. Vets, energy, water - all of it.
EconomicsInTen4The vet market was referenced in our Monopoly Special. Looks like the CMA don't mind a lack of transparency but if you want perfect competition (in theory), the consumer should have 'perfect knowledge'. #EconSky podcasts.apple.com/gb/podcast/m...
Delta Echo Romeo Papa 🔜 Pawsome4Private equity firms are cunts, pass it on.
justiceseer.bsky.social3#PrivateEquity is a CANCER on #Society! From #PrivateDentristry, to #CareHomes, #KidsNurseries, #Vets,#Shops, the #NHS,#Pharmacies and #Transport - #PrivateEquityVultures-"loaded with DEBT" are SCREWING #Taxpayers & making massive PROFITS from PUBLIC SERVICES!🤑🤮🤬 www.theguardian.com/society/2026...
Niall Huggan2Private Equity latest Increasing the cost of vet bills, whilst hiding who benefits from gouging you and your pet...
Ben McKenna2Every day private equity owned firms find new and innovative ways to make our lives harder, and every day the government helps them.
Critics say changes by CMA will allow multinationals to obscure their ownership of vet practices
