FIXING OF CAR PRICES IN THE UK

Motion Text

That this House notes the recent admission of Volvo car manufacturers that it has been supporting secret arrangements to fix its British car prices; believes that this constitutes a serious breach of UK law and a blatant disregard to the exploitation of UK customers; further notes that Volvo escaped penalties and was not even fined for this serious misconduct, with the Office of Fair Trading accepting a promise that this will not happen again in the future; believes that this will offer no deterrent to other car companies who also consider fixing prices; and calls upon the Government to increase the fines which can be imposed and to consider introducing mandatory prison sentences for directors of companies who are found to be operating a cartel and fixing prices in the UK.