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Almost two years after the Competition Commission published its final version of the Groceries Supply Code of Practice (GSCOP) it appears that the tiger may finally be getting some teeth. But not yet.
A Bill introducing legislation to establish the GCA (a body to adjudicate on the application of the rules) is imminent – but the cumbersome legislative process still means the GCA will not be in place until 2013.
This matters because GSCOP was actually brought into force in February 2010. The GSCOP is a means of balancing power between suppliers and the 10 largest grocers but with no enforcement authority it inevitably loses impact.
Although, some supermarkets are making a virtue of compliance others are not. Some suppliers are aware of the GSCOP, others are not. Those who comply need to be endorsed and those who do not need to see real benefits from compliance. Until the GCA is established both business and consumers await a GSCOP with bite.
The Chancellor’s latest Budget Report outlined that the Government will introduce a £100 million Economic Crime Levy, otherwise known as the AML Levy no earlier than April 2022 to fund action to tackle money laundering and ensure delivery of reforms in the Government’s Economic Crime Plan.
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To operate lawfully, firms that broker credit to consumers by way of business must be registered with and authorised and regulated by the Financial Conduct Authority (FCA).
Following an MP debate on 5 November 2019, the government is due to release long-awaited guidance as to how it intends to protect workers in the retail industry against violence, harassment and abuse.
Statistics released by Eaton indicate that 1 in 4 Universities have received complaints about fire safety issues or building evacuation procedures from students, staff or members of the public in the last 5 years.
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