CMA is calling for more whistle-blowersStaff Writer | October 22, 2018
The CMA is calling for more whistle-blowers to expose business cartels with the launch of a national awareness campaign.
Britain ICM research released by the CMA to coincide with the campaign
The Competition and Markets Authority’s (CMA) latest cartel awareness campaign aims to educate businesses about which practices are illegal and urges people to come forward if they suspect a business has taken part in cartel behaviour, such as fixing prices or rigging contracts.
ICM research released by the CMA to coincide with the campaign shows that out of amongst 1,000 companies surveyed:
- only 57% knew it was illegal to fix prices
- nearly half either didn’t know or thought it was legal to discuss prices with competing bidders when quoting for new work (23% said ‘don’t know’, and 25% actually thought it was legal)
- significantly more than half (59%) didn’t know or thought that dividing up and sharing customers with rivals was legal (24% said ‘don’t know’ and 35% actually thought it was legal)
The campaign is targeting industries including construction, manufacturing, recruitment, estate agents and property management and maintenance. These are sectors identified as particularly susceptible to cartels. Previous campaigns have driven a 30% rise in the number of tip-offs to the CMA’s cartels hotline. ■