Competition: Unfair Practices

(asked on 20th February 2024) - View Source

Question to the Department for Business and Trade:

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.


Answered by
 Portrait
Lord Johnson of Lainston
Minister of State (Department for Business and Trade)
This question was answered on 5th March 2024

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.

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