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, fair and/or trading:
“Woman was originally the inventor, the manufacturer, the provider. She has allowed one office after another gradually to slip from her hand, until she retains, with loose grasp, only the so-called housekeeping.... Having thus given up one by one the occupations which required knowledge of materials and processes, and skill in using them ... she rightly feels that what’s left is mere deadening drudgery.”
—Ellen Henrietta Swallow Richards (1842–1911)
“The rounded world is fair to see,
Nine times folded in mystery.”
—Ralph Waldo Emerson (1803–1882)
“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)