Office of Fair Trading
|Printable version||E-mail this to a friend|
Draft OFT Annual Plan for 2012-13 focuses on vulnerable consumers and driving growth
The OFT is seeking comments on its draft Annual Plan for 2012-13, which sets out the organisation's proposed objectives and priorities for the next financial year.
Making markets work well for consumers, especially the vulnerable and those affected by the tough economic climate, whilst helping to drive eAconomic growth, are proposed as central priorities.
The OFT intends to achieve this through focusing further resources on high impact consumer and competition enforcement, whilst also continuing to use advice, guidance, advocacy and awareness-raising to change the behaviour of consumers, businesses and Government. It will continue to make full use of its combined consumer and competition tools, and plans to drive forward further improvements to the consumer, competition and credit regimes.
During 2012/13 the OFT plans to focus on its work on:
Market problems affecting vulnerable consumers, working closely with local authority Trading Standards Services and consumer groups.
Tackling businesses that are creating unnecessarily complex pricing structures or reducing the clarity of their product offering.
Improving trust in online markets, including action that promotes awareness of consumers' rights, shapes emerging online business models, or reinforces the integrity of online tools aimed at helping consumers evaluate choices.
High innovation markets and business models, and the intersection of consumer and competition policy with intellectual property rights.
Public services markets, providing constructive advice to the Government where these are opened up, to help frame and deliver markets that work well for users and taxpayers.
The draft plan has been developed in the context of a spending review, which reduces the OFT's budget by 25 per cent over the four years to 2014-15. The draft Plan includes a strategic objective of improving the OFT's capability and delivery, working to ensure the OFT is in good shape to meet tighter financial constraints and to maintain the quality of its output despite a declining budget.
The consultation also takes place against a backdrop of proposed changes to the competition, consumer and credit regimes. The OFT has engaged with the Government to help develop these regime proposals through the benefit of practical experience. As clarity increases over the shape of the proposals the OFT will work to develop effective transition plans where necessary.
The consultation on the Annual Plan will be open until 3 February 2012. Please send responses to Marcia Poletti using the contact details below:
By telephone: Marcia Poletti: 020 7211 5879
By email: email@example.com
By fax: 020 7211 8966
Office of Fair Trading
2-6 Salisbury Square
Respondents to this consultation are asked to supply a brief summary of the interests or organisations they represent, where appropriate. We ask that any suggested changes or comments on the documents be submitted in writing (by email, or alternatively by letter or fax).
The draft Annual Plan can be downloaded from the consultation page.