The Office of Fair Trading (OFT) is a not-for-profit and non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforces both consumer protection and competition law, acting as the UK's economic regulator. The OFT's goal is to make markets work well for consumers, ensuring vigorous competition between fair-dealing businesses and prohibiting unfair practices such as rogue trading, scams and cartels. Its role was modified and its powers changed with the Enterprise Act 2002.
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Famous quotes containing the words office of, office, fair and/or trading:
“Difference of opinion is advantageous in religion. The several sects perform the office of a Censor ... over each other.”
—Thomas Jefferson (1743–1826)
“We have two kinds of “conference.” One is that to which the office boy refers when he tells the applicant for a job that Mr. Blevitch is “in conference.” This means that Mr. Blevitch is in good health and reading the paper, but otherwise unoccupied. The other type of “conference” is bona fide in so far as it implies that three or four men are talking together in one room, and don’t want to be disturbed.”
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“Indeed, I believe that in the future, when we shall have seized again, as we will seize if we are true to ourselves, our own fair part of commerce upon the sea, and when we shall have again our appropriate share of South American trade, that these railroads from St. Louis, touching deep harbors on the gulf, and communicating there with lines of steamships, shall touch the ports of South America and bring their tribute to you.”
—Benjamin Harrison (1833–1901)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)