The Competition and Markets Authority (CMA) has launched a campaign to raise awareness on how to comply with competition laws. This is in response to new research which shows that many businesses are unaware of the rules on anti-competitive behaviour, including price fixing, discussing competing bids or rigging contracts. 

The ICM research confirms that out of 1,201 companies surveyed:

  • only 57% 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;
  • significantly more than half (59%) didn’t know or thought that dividing up and sharing customers with rivals was legal.

The campaign uses simple imagery on social media sites and a dedicated website

If you would like more information on competition laws and your responsibilities as a business owner, follow this link to the CMA website. 

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