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01/11/2018
CMA Launches 'Stop Cartels' Campaign
New research has revealed that many firms don't know enough about how to comply with competition law, according to the Competition and Markets Authority's (CMA).
Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal. It also urges people to come forward if they suspect a business has taken part in cartel behaviour, such as fixing prices or rigging contracts.
ICM research shows that out of amongst 1,000 companies surveyed:
• only 57 per cent knew it was illegal to fix prices
• nearly half either didn't know or thought it was legal to discuss prices with competing bidders when quoting for new work (23 per cent said 'don't know', and 25 per cent actually thought it was legal)
• significantly more than half (59 per cent) didn't know or thought that dividing up and sharing customers with rivals was legal (24 per cent said 'don't know' and 35 per cent actually thought it was legal)
The campaign is targeting industries including construction, manufacturing, recruitment, estate agents and property management and maintenance. These sectors are particularly susceptible to cartels.
The campaign is being delivered through social media and a dedicated Stop Cartels website.
Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal. It also urges people to come forward if they suspect a business has taken part in cartel behaviour, such as fixing prices or rigging contracts.
ICM research shows that out of amongst 1,000 companies surveyed:
• only 57 per cent knew it was illegal to fix prices
• nearly half either didn't know or thought it was legal to discuss prices with competing bidders when quoting for new work (23 per cent said 'don't know', and 25 per cent actually thought it was legal)
• significantly more than half (59 per cent) didn't know or thought that dividing up and sharing customers with rivals was legal (24 per cent said 'don't know' and 35 per cent actually thought it was legal)
The campaign is targeting industries including construction, manufacturing, recruitment, estate agents and property management and maintenance. These sectors are particularly susceptible to cartels.
The campaign is being delivered through social media and a dedicated Stop Cartels website.
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