Businesses warned they must act independently when setting or increasing prices

File photo Image: Shutterstock/fizkes File photo Image: Shutterstock/fizkes BUSINESSES MUST ACT independently when setting their prices as they start to reopen, the Competition and Consumer Protection Commission has said.

The CCPC has also reminded businesses they have additional responsibilities under consumer protection law when setting new or additional fees or making changes to business practices. “Businesses are free to do so, however the CCPC is reminding businesses that they must make such decisions independently and advise consumers of these costs before they make a purchase.”

#Open journalism No news is bad news Support The Journal Your contributions will help us continue to deliver the stories that are important to youIsolde Goggin, Chairperson of the CCPC, said the organisation is “acutely aware of the new challenges that businesses across the country are facing at this time”, but added that businesses “must be mindful that the rules set out by competition law remain unchanged”.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pandemic will cause ‘divisive’ inequality, Varadkar warnsYoung people in precarious private sector employment were hit hardest by Covid-19's economic effects, new Tánaiste Leo Varadkar said, warning the 'coming crisis' could be 'very divisive' for Ireland
Source: IrishTimes - 🏆 3. / 98 Read more »

ISME warns of redundancies if wage scheme haltedISME, the body which represents small and medium businesses, has warned that any sudden move to halt the Temporary Wage Subsidy Scheme could trigger a massive wave of redundancies.
Source: rtenews - 🏆 1. / 99 Read more »

Beaumont Hospital warns of catalytic converters being stolen in car park | JOE.ieBeaumont Hospital warns of catalytic converters being stolen in car park
Source: JOEdotie - 🏆 31. / 51 Read more »