CBI WARNS AGAINST CONSUMER BILL OPT-OUT SCHEME…
John Cridland, CBI Director-General, said:
“Consolidating and updating existing consumer legislation in a new Bill makes sense and will give businesses and consumers greater certainty. But the Government must guard against making changes that add extra costs, increase red tape and cause confusion.
“We’re really concerned by the proposed opt-out scheme for private competition actions which risks opening a Pandora’s box of US style class action cases in the UK. A system which rounds up potential claimants without naming individuals is misguided and could undermine business investment decisions here.
“Victims of competition law breaches must be able to get proper redress but the Government should encourage more use of alternative dispute resolution mechanisms rather than introducing a litigation culture.”
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