Competition & Markets Authority
CMA statement on sales and pricing practices during Coronavirus outbreak
The CMA has been monitoring reports of changes to sales and pricing practices during the coronavirus outbreak.
The Competition and Markets Authority (CMA) wants to ensure that traders do not exploit the current situation to take advantage of people.
It will consider any evidence that companies may have broken competition or consumer protection law, for example by charging excessive prices or making misleading claims about the efficacy of protective equipment. And it will take direct enforcement action in appropriate cases.
In addition, the CMA will assess whether it should advise Government to consider taking direct action to regulate prices.
CMA Chairman Lord Tyrie yesterday said:
“We will do whatever we can to act against rip-offs and misleading claims, using any or all of our tools; and where we can’t act, we’ll advise government on further steps they could take, if necessary.”
CMA Chief Executive Andrea Coscelli yesterday said:
“We urge retailers to behave responsibly throughout the coronavirus outbreak and not to make misleading claims or charge vastly inflated prices. We also remind members of the public that these obligations may apply to them too if they resell goods, for example on online marketplaces.”
Latest News from
Competition & Markets Authority
Court orders disqualification of estate agent cartel director06/07/2020 10:05:00
In the first contested case of its kind, the CMA has secured the disqualification of a director whose Somerset estate agency breached competition law.
COVID-19: CMA secures refunds from second major holiday lets firm03/07/2020 13:20:00
Following an investigation by the CMA, Sykes Cottages has reversed its policy on cancelled bookings and will now offer customers full refunds.
Latest update from CMA COVID-19 taskforce03/07/2020 12:20:00
The CMA has published a third update from its COVID-19 taskforce, which monitors and responds to competition and consumer problems arising from the pandemic.
CMA imposes £1.2m in fines for price-fixing in private eyecare02/07/2020 09:20:00
The CMA has found that a private hospital group and 7 consultant ophthalmologists broke competition law by taking part in illegal price fixing.
New regime needed to take on tech giants01/07/2020 15:02:00
The CMA is calling on the government to introduce a new pro-competition regulatory regime to tackle Google and Facebook’s market power.
Medical device suppliers’ merger raises competition concerns01/07/2020 09:15:00
The CMA has concluded that the merger of 2 suppliers of medical devices could lead to a reduction of competition in the supply of total ankle replacement prosthetics.
Musical instrument firms to pay millions after breaking competition law30/06/2020 12:20:00
The CMA has fined 2 musical instrument makers a total of £5.5 million, in 2 separate cases, for breaking competition law by restricting online discounting of musical instruments.
Competition concerns found in digital advertising merger29/06/2020 12:20:00
Taboola’s purchase of Outbrain raises competition concerns in the supply of content recommendation, a type of digital advertising.