The OFT Retailer Code of Practice has not resulted in any change in behaviour, and is unlikely to do so. |
The OFT offered both Winchester College and Eton a fifty percent reduction in their penalties in return for their full cooperation with the investigation. |
According to the OFT, these chains have been inflating pre-sale pricing far beyond what products were ever sold for. |
Around one-and-a-half million tenancy agreements are clinched each year worth nearly 6 billion and the OFT is determined these contracts must be fair. |
At the time, the OFT stressed that it should not be assumed that the parties involved had broken the law. |
The OFT also found evidence that some companies were not complying with some consumer regulations. |