The OFT is the UK's competition and consumer authority, and although there have been considerable successes in recent years, we are intent on raising our game. Our Annual Plan 2011/12 details our mission and objectives and how we hope to achieve them.
The OFT's mission is to make markets work well for consumers. Markets work well when businesses are in open, fair and vigorous competition with each other. Our job is to make sure that consumers have as much choice as possible across all the different sectors of the marketplace. When consumers have choice they have genuine and enduring power.
We pursue this goal by:
The challenging circumstances facing consumers in the current economic climate makes the OFT's role as relevant as ever. Alongside this the Government is considering a number of changes to the competition and consumer regulatory environment and the possible introduction of a single Competition and Markets Authority, bringing together all competition related work. This is a proposal welcomed by the OFT, which provides exciting opportunities for professionals working in the competition field.
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