Department for Business and Trade written question – answered am ar 5 Mawrth 2024.
Lord Taylor of Warwick
Non-affiliated
To ask His Majesty's Government what steps they are taking to combat anti-competitive practices in the consumer products sector, in particular (1) price-fixing, and (2) collusion.
Lord Johnson of Lainston
Minister of State (Department for Business and Trade)
Price fixing and collusion, in any sector, is illegal under the Competition Act 1998. The Competition and Markets Authority, the “CMA”, is responsible for investigating anti-competitive practices. As an independent authority, the CMA has discretion to investigate competition cases which, according to its prioritisation principles, it considers most appropriate.
The Digital Markets Competition and Consumers Bill, currently being considered by Parliament, will update the CMA’s powers to investigate anti-competitive behaviour. This includes powers to interview a broader range of individuals and require the production of information stored remotely when executing a warrant.
Yes2 people think so
No3 people think not
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