UK watchdog launches full investigation into vet fees for pet owners

Inquiry follows concern over rising treatment costs and could cap prescription fees or break up pet-care chains

The UK competition regulator has launched a formal investigation into the 2bn veterinary market, over concerns that pet owners could be overpaying for medicines and are not always aware of the best treatment options available.

The Competition and Markets Authority (CMA) announced on Thursday it was pushing ahead with a review of the sector in a move that could result in prescription fees being capped and leading pet-care chains being forced to break up.