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Also, special attention is paid to problems that affect large numbers of people and to the needs of vulnerable consumers.
Prevention is always better than cure and with this in mind, the OFT equips consumers and businesses alike with the knowledge needed to protect themselves. Furthermore, the OFT achieves its aims through collaboration with others. Partners include sector regulators, Government, the courts, the Competition Commission, the European Commission, Local Authority Trading Standards Services, and businesses, consumers and their representatives .
Those found guilty of illegal business practices and infringe on competition law can be fined up to 10% of their annual turnover ...
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