Businesses: Opt-out Class Actions

House of Lords written question – answered on 13th March 2014.

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Photo of Lord Ashcroft 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.

Photo of Viscount Younger of Leckie 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

https://www.gov.uk/government/uploads/system/uploads/ attachment_data/file/69124/13-502-private-actions-in-competition-law-a-consultation-on-options-for-reform-final-impact.pdf

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