We’re delighted to feature a guest blog for our members from CMA – the Competition and Markets Authority – who work to promote competition for the benefit of consumers, both within and outside the UK. Its aim is to make markets work well for consumers, businesses and the economy. In this bespoke article, the CMA […]
We’re delighted to feature a guest blog for our members from CMA – the Competition and Markets Authority – who work to promote competition for the benefit of consumers, both within and outside the UK. Its aim is to make markets work well for consumers, businesses and the economy.
In this bespoke article, the CMA share details as to why fair competition is so important and outline how you can advise and signpost the businesses you work with on this very important topic.
Fair competition allows markets to be open to businesses with new ideas, lower prices and better services for their customers. Unfair competition raises barriers to entry, causes businesses to be ripped off by their suppliers and can cause businesses to lose opportunities. Unfair competition is often illegal. Fair competition enables small firms, like those you advise, to thrive.
You can help the businesses you advise to compete at their best by helping them recognise what anti-competitive practices look like so they can easily spot if they are being ripped off by a supplier, if they are being unfairly held back by a competitor or if they are at risk of breaking the law themselves.
Simply direct them to Competing fairly in business – a short collection of films, guides and case studies, that includes:
- 8 short animated films explaining what different anti-competitive activities look like and how to report them,
- a 1-page guide and checklist explaining the key things to watch out for
- case studies putting competition law in context, illustrating where other businesses have broken the law
- and an online quiz where users can quickly test how much they know about illegal business behaviours.
CMA has worked closely with small businesses, through a series of workshops across the country, to develop materials to meet their needs – the pieces that have been created are short, clear, visual and easy to understand.
If businesses are to succeed, they need to compete. You can help them to compete fairly.
Click here to watch the CMA’s animated films as well as further help and advice on what the businesses that you advise need to look out for.
