UK housebuilders agree to pay £100m to avoid legal decision
Britain’s largest home builders agreed to pay £ 100 million to affordable houses to avoid whether an organizer’s decision to break the competition law.
Seven companies also agreed not to share commercially sensitive information, such as how much houses they sell “except for limited conditions”.
Last year, the competition and markets authority (CMA) began to investigate whether home builders have changed information such as pricing and incentives submitted to buyers such as pricing and raised kitchens or stamp tax contributions.
The guard, the company accepts the offer, “CMA’nın home builders to break the law of competition to decide whether it is not necessary,” he said.
He added that home builders do not accept any obligation or injustice for the behavior subject to the investigation “.
Companies researched by the CMA are Barratt, Redrow, Bellway, Berkeley Group, Bloor Homes Limited, Persimmon, Taylor Wimpey and Vistry Group.
CMA refused to comment on whether the companies have shared commercially sensitive information with each other, such as sales prices, and whether they have potentially break the law.
Sarah Cardell, General Manager of CMA, told the BBC Radio 4 Today program, “We do not have to conclude that there is a violation in this case.” He said.
“The reason for this is to ensure that our focal point progress in a competitive way.”
When asked if some individuals or housing officials have made more payment due to construction companies that share data, Cardell said: “This is a part of our commitment to pay 100 million pounds from companies and will go to the most needed people.
“In the meantime, in the meantime, a much better solution than a long and complex investigation, the England market will bring hundreds of more affordable houses.”
The government said the regulators want more growth.
In January, CMA’s chair Marcus Bokkerink was transferred and modified Amazon Temporary by Doug Gurr, the former boss of England.
Ms. Cardell told the BBC: “We are determined to fight anti -competitive behavior, and today is exactly what we do, because we have acted quickly and effectively to solve this case with absolute clarity.
“Housebuilders, what to do to comply with the law, no doubt.”
