Posted 20th Mar 2017

CMA gearing up to 'crack down' on UK cartels

By KBBDaily on 20th March 2017 - 10:56am

The Competition and Markets Authority – CMA – is launching its first ever advertising campaign to “crack down” on UK cartels, with whistleblowers being offered up to £100,000 to report any illegal cartel activity they may have seen from businesses.

According to the CMA, its research found that while “most businesses have a shared ethical sense that conduct such as price-fixing is unfair or wrong”, less than a quarter knew competition law well. The new advertising campaign from the CMA will run on social media and “key websites”.

“Cartels are a form of stealing that cheat ordinary people as well as other businesses by undermining competition, and we are committed to tackling them wherever we find them,” said CMA acting chief executive Andrea Coscelli. “Cartels are carried out in secret to make you think you are getting a fair deal, even when you are being conspired against to keep prices high."

“Cartels are both harmful and illegal, and the consequences of breaking the law are extremely serious,” Coscelli added. “That is why we are launching this campaign – to help people understand what cartel activity looks like and how to report it so we can take action.”


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