15/10/2003
New agreement to see crackdown on international scams
A new level of co-operation to crack down on the menace of international scams has been announced by the Department of Trade and Industry.
UK consumers have in the past fallen victim to bogus Canadian lottery scams, and dubious e-mail approaches urging people to part with their money often originate from overseas, the department said.
DTI minister Gerry Sutcliffe was joined by John Vickers, Chairman of the Office of Fair Trading, to announce new arrangements to share information between the UK's consumer and competition law agencies and their counterparts in Canada, Australia and New Zealand.
The agreements are the first for the UK to cover both consumer and competition law. They define the scope for co-operation and arrangements for enforcement liaison, information exchange and treatment of confidential material.
Consumer Minister Mr Sutcliffe said: "These new links reflect our common determination to tackle global competition and consumer law abuses - particularly over the internet. The agreements we are signing today strengthen the relationships between our enforcement agencies, and will help us bring the scam-merchants to justice."
Canadian lottery scams involve an unsolicited telephone call informing the recipient that they have won a large prize in a Canadian lottery. In order to receive the prize, the winner must pay taxes or a handling fee but no win is ever received.
Another source of complaints is the telemarketing of entries in phoney business directories. Unsolicited calls to small businesses are followed by demands for payment for entries in these bogus publications.
(gmcg)
UK consumers have in the past fallen victim to bogus Canadian lottery scams, and dubious e-mail approaches urging people to part with their money often originate from overseas, the department said.
DTI minister Gerry Sutcliffe was joined by John Vickers, Chairman of the Office of Fair Trading, to announce new arrangements to share information between the UK's consumer and competition law agencies and their counterparts in Canada, Australia and New Zealand.
The agreements are the first for the UK to cover both consumer and competition law. They define the scope for co-operation and arrangements for enforcement liaison, information exchange and treatment of confidential material.
Consumer Minister Mr Sutcliffe said: "These new links reflect our common determination to tackle global competition and consumer law abuses - particularly over the internet. The agreements we are signing today strengthen the relationships between our enforcement agencies, and will help us bring the scam-merchants to justice."
Canadian lottery scams involve an unsolicited telephone call informing the recipient that they have won a large prize in a Canadian lottery. In order to receive the prize, the winner must pay taxes or a handling fee but no win is ever received.
Another source of complaints is the telemarketing of entries in phoney business directories. Unsolicited calls to small businesses are followed by demands for payment for entries in these bogus publications.
(gmcg)
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Customers are generally happy with home credit loans, but they pay a “high price”, the Competition Commission (CC) has warned. The Commission said that there might be a lack of effective competition in the home credit market, where instalments are collected from customers’ homes.
‘High cost’ for home credit customers
Customers are generally happy with home credit loans, but they pay a “high price”, the Competition Commission (CC) has warned. The Commission said that there might be a lack of effective competition in the home credit market, where instalments are collected from customers’ homes.
06 October 2008
New Car Registration Down 21% Last Month
The number of new car registrations fell by more than a fifth last month, compared to last year - further proof the ongoing credit crunch is impacting buyers' behaviour. Figures released today, by the Society of Motor Manufacturers and Traders (SMMT), show a 21.2% fall in new car registrations last month. In total 330,295 new cars were sold.
New Car Registration Down 21% Last Month
The number of new car registrations fell by more than a fifth last month, compared to last year - further proof the ongoing credit crunch is impacting buyers' behaviour. Figures released today, by the Society of Motor Manufacturers and Traders (SMMT), show a 21.2% fall in new car registrations last month. In total 330,295 new cars were sold.
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Car prices fall but slowdown expected, says survey
The latest figures released by the Alliance & Leicester Car Price Index, produced in association with What Car?, have revealed that the price of new cars continued to tumble in July 2003, with a year-on-year fall of 1.5%, the largest year-on-year fall since March.
Car prices fall but slowdown expected, says survey
The latest figures released by the Alliance & Leicester Car Price Index, produced in association with What Car?, have revealed that the price of new cars continued to tumble in July 2003, with a year-on-year fall of 1.5%, the largest year-on-year fall since March.
18 September 2008
Competition Rules To Change For Banking Merger
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Competition Rules To Change For Banking Merger
Legislation is to be modified to make-way for one of the biggest banking mergers in recent times. The Chancellor has confirmed the Government will amend current competition laws to allow the merging of Lloyds TSB and HBOS. Alistair Darling said the move would go ahead in the interest of UK financial stability.
05 January 2006
Millions duped by scams in Britain, report claims
Around five million British adults have been fooled into responding to a variety of scams, new research has claimed. A survey of over 1,000 adults by consumer magazine Which? identified the most successful con as the use of prize phone lines, which encourage people to call premium rate numbers in order to claim prizes.
Millions duped by scams in Britain, report claims
Around five million British adults have been fooled into responding to a variety of scams, new research has claimed. A survey of over 1,000 adults by consumer magazine Which? identified the most successful con as the use of prize phone lines, which encourage people to call premium rate numbers in order to claim prizes.
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