Advertisement

OFT warns of anti-competive practices

by isleofman.com 6th August 2007
The Office of Fair Trading is warning businesses against anti-competitive practice in the wake of the recent price-fixing case involving British Airways.

BA has received a record fine after admitting it colluded with Virgin Atlantic over fuel surcharges.

The OFT says any suspected incidences will be investigated and reported to government.

James Davis reports:

(Text of attached audio)
Under the Fair Trading Act 1996, anti-competitive practice is defined as 'restricting, distorting or preventing competition in connection with the production, supply or acquisition of goods in the Island or the supply or securing or services in the Island.'

There are a number of tell tale signs: a supplier stopping their service to you, receiving surprising similar quotations from suppliers, a supplier making demands that you purchase other goods, only one businesses supplying to your area and a supplier who prevents you selling their products at a discount.

With this in mind, the OFT wants to hear from the public or businesses with any suspicions about this happening.

Posted by isleofman.com
Monday 6th, August 2007 09:14pm.

Popular Articles

Upcoming Events

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
10 May

Bridge Club

Monday is Bridge Day at the Onchan Pensioner's Social Club   We have two bridge clubs that meet on a weekly...
12 May
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide