OFT urges feedback on business policy

The Office of Fair Trading is reminding people to share their views on a major consultation on competition policy.

Competition legislation exists to ensure a fair playing field for both businesses and the consumer.

It has been deemed the right time to update the existing laws as they’re currently based on a 1980 Act of Parliament.

The OFT says a fresh approach will encourage businesses to compete in an open and fair market.

The deadline for feedback is the end of this month.

Chief officer John Peet told us why it's an important issue:

(audio)