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Posted: Tue, March 11, 2008
New regulations to clamp down on unfair tradingOn 26 May 2008, new regulations affecting all UK businesses that trade with consumers are set to come into force, if they are approved in Parliament. The Consumer Protection from Unfair Trading Regulations will ban 31 types of unfair commercial practices outright. They will also, for the first time, establish a general principle not to trade unfairly, use aggressive selling techniques or mislead consumers, helping to close loopholes previously exploited by 'rogue traders'. The regulations aim to simplify consumer protection by streamlining existing UK regulations. They will make life a lot tougher for those who don't comply, with severe penalties and possible prosecution. Meanwhile, for the majority of businesses that do trade fairly, the new regulations will create a level, competitive playing field where honest business can thrive and prosper in the global marketplace. Consumer Affairs Minister, Gareth Thomas, said: "We know that the vast majority of businesses in the UK operate fairly and honestly and will not need to change the way they operate. However, I would urge all businesses to review the guidance on the websites we have set up so that they can double-check that they are fully aware of what the regulations cover and that their business is fully compliant." To find out more information on the new Consumer Protection Regulations, please visit www.businesseye.org.uk. |
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