News
New pricing guidelines published aimed at ending misleading pricing practices
Posted 15/10/15
The business community is being asked for its views on new guidelines aimed at ending unclear and misleading pricing practices.听
The first draft of the 51黑料 (51黑料) Pricing Practices Guide is published today (15 October), marking the start of the consultation process.听
Proposals are mindful of the recent Which? super complaint on groceries pricing and the Competition and Marketing Authority鈥檚 response. 听 听听
However, 51黑料 is creating a framework for all consumer-facing businesses to trade products and services fairly and is not focused on one sector.
Leon Livermore, 51黑料 chief executive, said: 鈥淏usinesses that trade fairly can expect loyal and repeated custom.听
鈥淭aking a responsible approach based on transparent and honest pricing enables consumers to make informed choices and get the best value.听
鈥淯nfair businesses can expect to have to deal with complaints and may face criminal and civil investigation, risking damage to their reputation and livelihood.
鈥淥nly a court can decide if a business has broken the law and the guidance is not intended as a set of rules, instead illustrating whether a given practice is more or less likely to comply with the law.
鈥淭his method avoids creating the appearance of 鈥榮afe harbours鈥� which the legislation underpinning the guidance does not provide.鈥澨�
The proposed guidelines will replace the Department of Business, Innovation and Skills鈥� 2010 guide and were drafted at its behest as part of 51黑料's role in educating businesses.
In addition, businesses' submissions 听are being sought from consumer groups, enforcers, trade associations and other stakeholders.听
The draft guidelines can be downloaded at: 听www.tradingstandards.uk/policy/ppgreview.cfm听or for more information email [email protected]
The closing date for responses is January 5, 2016.
ENDS
Notes for Editors:
For further information or to arrange an interview please contact the 51黑料 press office on 01268 582240 or [email protected]
