1-20 of 162 results for subject:"Price fixing"
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To ask the Secretary of State for Levelling Up, Housing and Communities, whether he is taking steps to support local authorities to manage increased costs for the purchase or lease of trucks in response to alleged price fixing by truck manufacturers.
To ask the Secretary of State for Levelling Up, Housing and Communities, whether he is taking steps to support local authorities to manage increased costs for the purchase or lease of trucks in response to alleged price fixing by truck manufacturers.
Local authorities should not lose out as a result of illegal anti-competitive activity. Civil claims for damages or other redress arising from infringements of competition law may be brought before the High Court or the Competition Appeal Tribunal, which is the UK’s specialist judicial body for determining competition law disputes
On 16 December, the Government announced the provisional Settlement, which makes available an additional £3.5 billion to councils. This is an increase in local authority funding for 2022-23 of over 4% in real terms, which will ensure councils across the country have the resources they need to deliver key services. In total, we expect Core Spending Power to rise from £50.4 billion in 2021-22 to up to £53.9 billion next year.
To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has made an assessment of the impact of alleged price fixing by truck manufacturers on (a) local authorities finances and (b) costs of essential services.
To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has made an assessment of the impact of alleged price fixing by truck manufacturers on (a) local authorities finances and (b) costs of essential services.
Local authorities should not lose out as a result of illegal anti-competitive activity. Civil claims for damages or other redress arising from infringements of competition law may be brought before the High Court or the Competition Appeal Tribunal, which is the UK’s specialist judicial body for determining competition law disputes
On 16 December, the Government announced the provisional Settlement, which makes available an additional £3.5 billion to councils. This is an increase in local authority funding for 2022-23 of over 4% in real terms, which will ensure councils across the country have the resources they need to deliver key services. In total, we expect Core Spending Power to rise from £50.4 billion in 2021-22 to up to £53.9 billion next year.
To ask the Secretary of State for International Trade, what assessment her Department has made of trends in the level of costs for UK Importers; and what steps her Department is taking to help prevent price fixing in the global container shipping industry.
To ask the Secretary of State for International Trade, what assessment her Department has made of trends in the level of costs for UK Importers; and what steps her Department is taking to help prevent price fixing in the global container shipping industry.
Container shipping costs are currently high, driven by increased demand as a result of a change in pandemic consumer spending. The levels of demand have meant that port and shipping container capacity has been stretched globally.
The Department for Transport has engaged closely with both ports and shipping lines to monitor the operational impacts, and make sure industry is doing all it can to mitigate impacts on the United Kingdom. The United Kingdom has robust competition laws, and the Competition and Markets Authority has discretion to investigate competition cases which, according to its own prioritisation principles, it considers most appropriate.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether his Department has received reports of alleged price fixing and collusion among mobile phone operators; and whether he plans to ask the relevant authorities to investigate the alleged competition offences that have taken place.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether his Department has received reports of alleged price fixing and collusion among mobile phone operators; and whether he plans to ask the relevant authorities to investigate the alleged competition offences that have taken place.
The Department is aware of reports of alleged price fixing and collusion among mobile phone operators and understand that this matter is subject to ongoing court proceedings.
Investigations of alleged anti-competitive practices are for the relevant competition authorities acting independently of Government.
To ask Her Majesty's Government what action they are taking to help local authorities detect procurement bid rigging in contracts for which they are responsible.
To ask Her Majesty's Government what action they are taking to help local authorities detect procurement bid rigging in contracts for which they are responsible.
The Competition and Markets Authority (CMA) has published a Screening for Cartels tool that will help public procurement professionals identify suspicious behaviour by suppliers when bidding for contracts:
https://www.gov.uk/government/publications/screening-for-cartels-tool-for-procurers
The CMA has also produced other guidance on bid-rigging to help procurers, including an e-learning module that gives pointers on what to look out for:
https://builtintelligence.com/pages/learn-how-to-spot-bid-rigging
Following your guidance, Mr Speaker, I have a simple question. We are going to build more houses in this country, which is welcome. A local estate agent, Greenslade Taylor Hunt, has been caught price fixing. May we have a debate on stopping estate agents abusing their position when we want...
Following your guidance, Mr Speaker, I have a simple question. We are going to build more houses in this country, which is welcome. A local estate agent, Greenslade Taylor Hunt, has been caught price fixing. May we have a debate on stopping estate agents abusing their position when we want...
I completely agree that we want to build more houses for all people in this country, and particularly for young people. There are no Communities and Local Government questions until next year, so instead I suggest that my hon. Friend writes to me on that point. I will take it...
I completely agree that we want to build more houses for all people in this country, and particularly for young people. There are no Communities and Local Government questions until next year, so instead I suggest that my hon. Friend writes to me on that point. I will take it...
To ask the Secretary of State for Business, Energy and Industrial Strategy, what his Department's policy is on permitting on-shore wind installations to form part of or entire bids for Contracts for Difference in order to supply electricity to the National Grid at a set price for a number of...
To ask the Secretary of State for Business, Energy and Industrial Strategy, what his Department's policy is on permitting on-shore wind installations to form part of or entire bids for Contracts for Difference in order to supply electricity to the National Grid at a set price for a number of...
No decisions have yet been taken on permitting on-shore wind installations to form part of or entire bids for Contracts for Difference.
As our manifesto commitment states, we support the development of wind projects in the remote islands of Scotland, where they will directly benefit local communities. We will announce our plans regarding this commitment in due course.
To ask the Secretary of State for Communities and Local Government, what steps the Government is taking to prevent price-fixing in service charges by providers of retirement homes.
To ask the Secretary of State for Communities and Local Government, what steps the Government is taking to prevent price-fixing in service charges by providers of retirement homes.
The law provides a framework of rights and protections for residential leaseholders where service charges and the management of their property are concerned.
These rights allow leaseholders to hold their freeholder and managing agent to account. They include the right to be consulted about proposed major works and long term agreements, to challenge the reasonableness of service charge demands at an independent tribunal, to seek the appointment of a new manager and, in some cases. to take over the management of the block of flats where they live.
Price-fixing is a serious matter and any evidence of this should be reported to the Competition and Markets Authority for consideration.
To ask Her Majesty’s Government whether the Department for Business, Innovation and Skills has considered investigating the conduct or operation of the boards of any of the companies that have been fined for practices relating to LIBOR, gold price fixing or foreign exchange manipulation.
To ask Her Majesty’s Government whether the Department for Business, Innovation and Skills has considered investigating the conduct or operation of the boards of any of the companies that have been fined for practices relating to LIBOR, gold price fixing or foreign exchange manipulation.
The Government has taken a substantial number of measures to change the culture in UK banking.
This Government supported the work of the Parliamentary Commission on Banking Standards which reported in June 2013 on professional standards and culture of the UK banking sector. Legislation to give effect to its recommendations on banking standards and individual accountability were included in the Financial Services (Banking Reform) Act 2013. The Financial Conduct Authority, the Prudential Regulation Authority and the Treasury worked through 2014 to prepare secondary legislation, regulatory rules and other detailed implementing measures.
The Government expects to announce the final timetable for implementing these reforms shortly.
In the Financial Services Act 2012, this Government introduced a new criminal offence to address the issue of the manipulation of the LIBOR interest rate benchmark. In December 2014 the government announced that this offence would be extended to cover a further seven financial benchmarks from, subject to Parliamentary approval, 1 April 2015.
We also recognise that there is more to do if the banking industry and global financial markets are to regain public trust. The Chancellor of the Exchequer therefore announced in his Mansion House speech in June 2014 a Treasury, Bank of England and FCA review of the operation of the foreign exchange, fixed income and commodity markets. The Fair and Effective Markets Review will examine how trust and credibility in these markets can be restored. The review will report in June 2015.
In November 2014 the Financial Conduct Authority (FCA), in co-ordination with financial regulators in the US and Switzerland, announced the outcome of its investigations into attempted manipulation of foreign exchange markets by 5 banks. It imposed penalties on 5 banks totalling £1.11 billion. In addition the Director of the Serious Fraud Office opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market in July 2014. The Government does not comment on ongoing investigations, so as not to prejudice these inquiries.
Ensuring that firms incentivise employees to behave in the right way is essential to restoring public trust in financial services. The Fair & Effective Markets Reviewâs scope covers trading practices in markets, and drivers of behaviour including incentives for individuals. In November 2014 the Chancellor wrote to the Governor of the Bank of England to ask that the increasing levels of fixed remuneration in the financial sector following the introduction of the âbonus capâ be considered as part of this work.
My right honourable friend the Secretary of State for Energy and Climate Change (Edward Davey MP) has made the following Written Ministerial Statement.
Almost a year ago I informed Parliament that my Department and the Treasury had just been notified about allegations of manipulation of the UK gas market. As I...
My right honourable friend the Secretary of State for Energy and Climate Change (Edward Davey MP) has made the following Written Ministerial Statement.
Almost a year ago I informed Parliament that my Department and the Treasury had just been notified about allegations of manipulation of the UK gas market. As I...
Almost a year ago I informed Parliament that my Department and the Treasury had just been notified about allegations of manipulation of the UK gas market. As I said at that time, I take these allegations extremely seriously. Market abuse is always wrong, and where it exists it must be...
Almost a year ago I informed Parliament that my Department and the Treasury had just been notified about allegations of manipulation of the UK gas market. As I said at that time, I take these allegations extremely seriously. Market abuse is always wrong, and where it exists it must be...
On 13 November 2012, following allegations of market manipulation in wholesale gas markets, I promised to update the House on implementation of the EU regulation on wholesale electricity and gas market integrity and transparency (REMIT). REMIT prohibits insider dealing and market abuse in wholesale energy markets across Europe and establishes...
On 13 November 2012, following allegations of market manipulation in wholesale gas markets, I promised to update the House on implementation of the EU regulation on wholesale electricity and gas market integrity and transparency (REMIT). REMIT prohibits insider dealing and market abuse in wholesale energy markets across Europe and establishes...
My right honourable friend the Secretary of State for Energy and Climate Change (Edward Davey) has made the following Written Ministerial Statement.
On 13 November 2012, following allegations of market manipulation in wholesale gas markets, I promised to update the House on implementation of the EU regulation on wholesale electricity and...
My right honourable friend the Secretary of State for Energy and Climate Change (Edward Davey) has made the following Written Ministerial Statement.
On 13 November 2012, following allegations of market manipulation in wholesale gas markets, I promised to update the House on implementation of the EU regulation on wholesale electricity and...
Statement on petrol prices and the cost of living.
Statement on petrol prices and the cost of living.
With permission, Mr Speaker, I would like to make a statement on petrol prices and the cost of living.
On 14 May, officials from the European Commission directorate-general for competition carried out unannounced inspections at the premises of several companies active in the crude oil, refined oil products and biofuels sectors,...
With permission, Mr Speaker, I would like to make a statement on petrol prices and the cost of living.
On 14 May, officials from the European Commission directorate-general for competition carried out unannounced inspections at the premises of several companies active in the crude oil, refined oil products and biofuels sectors,...
With the greatest respect, I say to the Secretary of State that no amount of tariff simplification or sorting out retail at the pump will deal with the problem that we face today, which is allegations about how energy and petrol are bought and sold, and the way in which...
With the greatest respect, I say to the Secretary of State that no amount of tariff simplification or sorting out retail at the pump will deal with the problem that we face today, which is allegations about how energy and petrol are bought and sold, and the way in which...
I thank the right hon. Lady for her reply. May I make it absolutely clear to her and the House that we take the allegations extremely seriously? If it turns out that hard-pressed motorists and consumers have been hit in the pocket by the manipulation of markets, the full force...
I thank the right hon. Lady for her reply. May I make it absolutely clear to her and the House that we take the allegations extremely seriously? If it turns out that hard-pressed motorists and consumers have been hit in the pocket by the manipulation of markets, the full force...
Despite the fact that the Government have cut and frozen fuel duty, prices at the pump have gone up by 60% since 2009. Last year a motion for a full OFT inquiry into price fixing by oil companies was passed unanimously in the House. We were approached by a whistleblower...
Despite the fact that the Government have cut and frozen fuel duty, prices at the pump have gone up by 60% since 2009. Last year a motion for a full OFT inquiry into price fixing by oil companies was passed unanimously in the House. We were approached by a whistleblower...
I am grateful for my hon. Friend’s questions, and I pay tribute to the way he has campaigned on this issue. He has made a big impact in the House and we have reacted to his campaigns with respect to fuel duty—something the Labour party never did. The OFT is...
I am grateful for my hon. Friend’s questions, and I pay tribute to the way he has campaigned on this issue. He has made a big impact in the House and we have reacted to his campaigns with respect to fuel duty—something the Labour party never did. The OFT is...