The Competition and Markets Authority has just launched its new online resource to help firms better understand competition rules, and what constitutes anti-competitive behaviour. The law requires companies to understand this, in relation to how they engage with suppliers, competitors and customers.
Anti-competitive behaviour: Why it matters to you
Businesses that collude with their competitors are cheating consumers and other businesses by inflating prices, reducing choice and eroding trust in markets. But make no mistake: they’re also breaking laws.
No matter who you are or what business you’re in, it’s up to you to understand responsibilities when dealing with wholesalers, suppliers and other businesses. Because if you’re caught doing the wrong thing, pleading ignorance simply won’t cut it.
For information on what you need to know to stay on the right side of competition law visit the gov.uk website.