Office of Fair Trading
|Office of Fair Trading|
The OFT is a non-ministerial government department established by statute in 1973. It is led by a board consisting of a chairman, an executive director and five non-executive members.
Products and Services
The Office of Fair Trading works to achieve its objectives by:
- Encouraging businesses to comply with competition and consumer law and to improve their trading practices through self-regulation
- Acting decisively to stop hardcore or flagrant offenders
- Studying markets and recommending action where required
- Empowering consumers with the knowledge and skills to make informed choices and get the best value from markets, and helping them resolve problems with suppliers through Consumer Direct.