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MPs debate supermarket regulation

MPs debate supermarket regulation

MPs today debated new legislation to ensure suppliers are treated fairly by big retailers.

The Groceries Code Adjudicator Bill was published in the House of Lords on Friday, and was discussed as part of the debate on the Queen's Speech in the Commons earlier.

The Government's plans have received a mixed response from industry bodies.

The bill will create a Groceries Code Adjudicator to address competition issues by arbitrating disputes between retailers and suppliers, investigating anonymous complaints, and taking sanctions against retailers who break the rules.

 

The Business Secretary Vince Cable said "The case of a highly concentrated industry, buying and selling to large numbers of suppliers and customers, is a classic economic textbook case where intervention is necessary to prevent monopoly profits occurring."

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