A PYMNTS Company

UK: Sluggish market means more work for OFT

By  |  March 15, 2013

City law firm RPC has reported a 5 percent spike in complaints filed to the Office of Fair Trading over anticompetitive behavior in 2012, resulting the highest number of complaints since 2001. Reports say 2,165 complaints were issued to the authority by consumers and companies, and RPC says the rise may be due to sluggish economic growth; tough times may result in individuals taking a closer look at competitor practices. It’s a trend, says the law firm, that means businesses are keeping an eye out for competitive malpractices in their market. The OFT will be combined with the Competition Commission in 2014 to create the Competition and Markets Authority.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: SME Web

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.