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.”
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