To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 15 January 2021 to Question 132902, whether it is his Department's policy that pricing strategies are a matter for businesses that are in a dominant posi

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 15 January 2021 to Question 132902, whether it is his Department's policy that pricing strategies are a matter for businesses that are in a dominant posi

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Timeline

1. 19 January 2021

   Written question

   To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 15 January 2021 to Question 132902, whether it is his Department's policy that pricing strategies are a matter for businesses that are in a dominant posi

   Source: Commons

2. 27 January 2021

   Answer

   The Competition Act 1998 prohibits abuse of a dominant position – abusive behaviour can relate to pricing strategies, for example excessive pricing or setting artificially low prices to stifle competition. The Competition and Markets Authority is responsi...

   Source: Written answer

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• · Department for Business, Energy and Industrial Strategy · Answering body

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