House of Lords written question – answered on 13 March 2014.
Lord Ashcroft
Conservative
To ask Her Majesty’s Government what consideration they have given to the impact that introducing opt-out class actions in the United Kingdom will have on businesses, investment and the economic recovery.
Viscount Younger of Leckie
The Parliamentary Under-Secretary of State for Business, Innovation and Skills
The Government has undertaken a full impact assessment when developing the private actions policy. The impact assessment1 concluded the reforms to the private actions regime will benefit the UK economy by more than £800 million over ten years. Additionally, a strong private actions regime acts as an effective deterrent for breaches of competition law thereby benefitting compliant businesses.
1
Yes1 person thinks so
No1 person thinks not
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