OFT slated over tobacco fines

The OFT is in hangover mode after a year blighted by the Competition Appeal Tribunal (CAT). Any hope it had of restoring its reputation faded in December after its price-fixing case against tobacco manufacturers and retailers fell apart.
In March 2011 the Government unveiled plans to merge the Competition Commission and OFT to create the Competition and Markets Authority (CMA) (The Lawyer, 16 March 2011). The consultation closed in June and a working group is currently considering the way forward.
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