Tuesday 21 March 2017 / 2:41 PM 2017 Press Archive / The Latest from Labour

Cartels are illegal and deeply damaging to both consumers and other businesses – Long-Bailey

Rebecca
Long-Bailey MP, Shadow Secretary for Business, Energy and Industrial Strategy,
following the
Competition and Markets Authority’s recent drive to crack down on Cartels,
commented:

“The
Government have for too long not given enough attention to the rights of
consumers whose interests have been inadequately safeguarded. This is why we
very much welcome the new drive by the Competition and Markets Authority,
‘Cracking Down on Cartels’, which seeks to raise public awareness of the
problem and offers £100,000 to whistle-blowers. 

“Cartels are illegal and deeply damaging to both consumers and other
businesses by stifling competition and raising prices. By making people more
aware of what cartels look like, the consequences of joining one and how to
report it, ‘Cracking Down on Cartels’ makes a valuable contribution to the
fight against cartels. 

“However, the
government should not be complacent and needs to do more to safeguard the
interests of consumers against unscrupulous practices.”

Ends