United Kingdom - OFT March Newsletter

In this latest newsletter you will find the OFT’s Annual Plan for 2013 marking the OFT's final year after four decades. Further changes in the OFT are announced with the appointment of a new Chief Economist. While other areas to note are the OFT’s action in the Payday lending market, our recent work in the lettings (rental) market and the reaction to OFT action regarding gym contracts.

• OFT issues statement of objections against mobility scooter businesses 21 March 2013
• Supporting economic growth and transition underpin OFT's Annual Plan 21 March 2013
• Payday lender loses its licence after OFT action 19 March 2013
• OFT appoints Chief Economist 12 March 2013
• Three gyms improve contract terms following OFT action 08 March 2013
• OFT acts against leading payday lenders and proposes to refer the sector to Competition Commission 06 March 2013
• OFT publishes guidance on the power to suspend credit licences 22 February 2013
• OFT report identifies problems in lettings market and sets out recommendations to tackle these issues 14 February 2013