So it’s a yes to breaking the laws but they simply pay a nominal sum a nd carry on as before.
EastRiding on
>**Britain’s biggest housebuilders have agreed to pay £100m towards affordable homes to avoid a regulator’s decision on whether they broke competition law**
>The seven firms have also agreed not to share commercially sensitive information such as how much houses have sold for “except in limited circumstances”.
>The Competition and Markets Authority (CMA) last year began investigating whether housebuilders had been swapping information, such as pricing and the incentives offered to buyers such as upgraded kitchens or stamp duty contributions.
>The watchdog said if it accepts the firms’ offer it will mean “that it is not necessary for the CMA to decide whether the housebuilders broke competition law”.
>It added that the housebuilders “do not admit any liability or wrongdoing for the conduct subject to investigation”.
“We didn’t break the law but here is 100m to stop looking at us”. Fucking hell. How about we make the investigation public, we ban all executives at the companies caught from ever operating as directors and fine the industry 200m?
The CMA pissed pubic up the wall money chasing after Microsoft buying Activision to get needless concessions on a deal (rightly or wrongly in your personal opinion) that wasn’t monopolistic and turns out they could have just *bribed* their way out of it/
Fun_Elk284 on
Shouldn’t this cash do to the people who were victims of the actions rather than random affordable housing? I suppose this is wide open for a class action,
alibud87 on
This just reads to me as big business settles out of court
JustHidingAway4Ever on
The power of money, the rich giving money to other rich places to keep things quiet.
Fantastic. What a waste if time.
NotaSirWeatherstone on
As long as us plebs keep doing the bribery training every year at work then I’m sure this will never ever happen 🙄
6 commenti
So it’s a yes to breaking the laws but they simply pay a nominal sum a nd carry on as before.
>**Britain’s biggest housebuilders have agreed to pay £100m towards affordable homes to avoid a regulator’s decision on whether they broke competition law**
>The seven firms have also agreed not to share commercially sensitive information such as how much houses have sold for “except in limited circumstances”.
>The Competition and Markets Authority (CMA) last year began investigating whether housebuilders had been swapping information, such as pricing and the incentives offered to buyers such as upgraded kitchens or stamp duty contributions.
>The watchdog said if it accepts the firms’ offer it will mean “that it is not necessary for the CMA to decide whether the housebuilders broke competition law”.
>It added that the housebuilders “do not admit any liability or wrongdoing for the conduct subject to investigation”.
“We didn’t break the law but here is 100m to stop looking at us”. Fucking hell. How about we make the investigation public, we ban all executives at the companies caught from ever operating as directors and fine the industry 200m?
The CMA pissed pubic up the wall money chasing after Microsoft buying Activision to get needless concessions on a deal (rightly or wrongly in your personal opinion) that wasn’t monopolistic and turns out they could have just *bribed* their way out of it/
Shouldn’t this cash do to the people who were victims of the actions rather than random affordable housing? I suppose this is wide open for a class action,
This just reads to me as big business settles out of court
The power of money, the rich giving money to other rich places to keep things quiet.
Fantastic. What a waste if time.
As long as us plebs keep doing the bribery training every year at work then I’m sure this will never ever happen 🙄