By: Russ
Ofcom alum Sean Williams: ‘who moved my cheese?’
The Office of Fair Trading today cracked down on collusion over prices for dairy products, and quotes OFT Executive Director (and Ofcom alum) Sean Williams as saying:
‘’This is a very serious case. We believe supermarkets have been colluding to put up the price of dairy products. Consumers have lost out to the tune of hundreds of millions of pounds. This kind of collusion on price is a very serious breach of the law. Businesses should understand that where we find evidence of this kind of anti-competitive activity we will use the powers at our disposal to punish the companies involved and to deter other businesses from taking such actions.'’
Maybe the OFT will one day turn its attention to — and use its powers to combat — misleading broadband speed claims?
Apr 15th 2008
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