Cheaper electrical goods on way
Thursday 21 May 1998
The new regime, due to take effect from 1 September, will make it illegal for suppliers to set recommended prices for retailers. It also bans suppliers from discriminating either by price or by terms and conditions against retailers which sell at a discount.
The measures follow recommendations from Britain's competition watchdog, the Monopolies and Mergers Commission, published in July last year.
"I am determined that price competition in these practices which restrict competition should be stopped," Margaret Beckett, the President of the Board of Trade, said in a statement.
The move was welcomed by the Consumers' Association which said it was "staggering" that electrical products currently cost exactly the same whether they are bought in the Cornwall or Cumbria. It said smaller, independent shops sometimes offered electrical goods at lower prices than the big chains. "A Panasonic TV which costs pounds 529.99 across the country could be bought from a small shop in Windsor for pounds 479.99," the association said.
However, Dixons said consumers would notice little difference. "Electricals retailing is already highly competitive and consumers have benefited from that," a spokesman said. Dixons has always maintained that it does not use the recommended retail prices.
- 5 How the language you speak changes your view of the world
Lucy Hawking: Stephen Hawking's daughter writes impassioned open letter to Katie Hopkins about rights of disabled people
Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
How the language you speak changes your view of the world
Russian warships accused of 'chasing away' Swedish vessel to prevent Baltic States from achieving energy independence
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
£28000 - £45000 per annum: Recruitment Genius: A Senior Digital Marketing Cons...
£16640 - £18500 per annum: Recruitment Genius: An Assistant Stores Keeper is r...
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£17000 - £30000 per annum: Recruitment Genius: Developer required to join a bu...