OFT


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OFT

abbreviation for OFFICE OF FAIR TRADING.
References in periodicals archive ?
The OFT, which looked at how well competition works, said the buyer side of this market is "one of the weakest" it has seen in recent years.
Mr Opperman spoke out after an EU inquiry concluded that oil firms may have "colluded" to manipulate petrol prices - just months after an investigation by the OFT came to the opposite conclusion, and insisted soaring prices at the pump were simply an inevitable result of higher crude oil prices.
Now, however, for reasons best known to the powers that be, it has been decided that the OFT will cease its Consumer Codes Approval Scheme from March 31.
The new OFT principles address the watchdog's concerns over the fairness of promotional claims for food and drink, such as when a product is sold at an artificially inflated price for a limited period in just a few stores in order to make a later "discount" look more attractive.
Ali Niklay, OFT senior director and the decision-maker in this case, said: "The OFT was concerned that Betfred's acquisition of the Tote led to the elimination of, or a substantial lessening in, choice of betting shops for people in 25 local areas.
Much of this has centred on the planned merger of the OFT and Competition Commission, which was announced more than a year and half ago and has still to happen.
The OFT wants shoppers to tell it whether the proposed changes, outlined at www.
The OFT want shoppers to tell them whether the proposed changes, outlined at www.
The OFT were concerned that too many buyers didn't ask for quotes or research prices when buying a scooter, stairlift or equipment such as hoists or bathroom fittings.
The OFT inquiry centred on allegations of anti-competitive conduct between June 8, 2007, and March 25, 2009.
The competition commission is expected to give its ruling by 1 September, the OFT said.
In an earlier agreement, RBS accepted wrongdoing and agreed to co-operate with the OFT in its investigations.