22.9.03

I wrote this to a Business/Economics discussion list that I'm a member of: Just in case it's slipped everyone's attention, the Enterprise Act that came into force beginning in April of this year contains new powers that Business Studies and Economics teachers and students need to be aware of. The Enterprise Act "works alongside the Competition Act of 1988 and various pieces of consumer legislation, largely replacing the Fair Trade Act 1973": see the PDF file link below for the source of this quotation. This page highlights the major changes to relate to: Mergers Cartels Direct Disqualification Enforcement of Consumer Law Super complaints Market investigation There are also new insolvency rules that this page chooses not to highlight for some reason; and Accountancy Age reports that at least three companies have already fallen foul of the insolvency rules contained within the Enterprise Act even though they only came into force last week: Ciro Cittero, Sentry Box (graphic designers) and MAL Holdings (Mayflower Group). There are several PDF files relating to the various parts of the Act including this general overview. As you might expect, the DTI also has pages devoted to this Act. There is an email alert service available for this Act ... when I tried to sign up, however, I was given an error message so only time will tell whether I was successful! I hope this is of use to everyone. DW

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