- April 12, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Link to BBC News Article
The link to the BBC News article discussing the topic can be accessed at https://www.bbc.co.uk/news/articles/cld404v6lkeo. For those who have not yet seen the link, it provides more insight into the situation.
## Legal Implications of Price Fixing
Upon first reading the article, the idea of price fixing did not immediately come to mind as being illegal. However, after hearing discussions from others on the matter, I am now curious if this practice would indeed be considered illegal. It is surprising to think that BBC News would not be aware of such implications and would publish an article on a topic that could potentially violate antitrust laws.
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NAL but my understanding is it would be illegal if the businesses were in competition but colluded to fix prices. But, I don’t think this would apply to individual employees just saying they won’t work for less than xyz pay. That’s what a union does and is broadly legal.
It’s really an awareness campaign, and no hard agreement other than to recalibrate costings. The only fixed part of the pricing is that after overheads you should achieve at least minimum wage, which can’t be illegal.
i don’t believe it’s price fixing as any independent contractor/studio is still free to decide to undercut this trade organisation’s price recommendation
also, increasing their pricing to make sure that the independent contractors can actually reach minimum wage is a good thing no?
It’s businesses colluding to increase their proces at the same time. It’s pretty clearly illegal on the face of it.
OTOH often they’re also often not actually bona fide self-employed businesses but workers. This complicates matters. Miscategorized employees colluding to be paid minimum wage is not a prosecution in the public interest, if it is even an offence.
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I just saw this article on the BBC website and googled to see who else noticed. It is absolutely illegal (blatant violation of https://www.legislation.gov.uk/ukpga/1998/41/part/I/chapter/I). Astonished no one at the BBC pointed this out.
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Unions do this but under legislation legalising them. Previously it was the crime of conspiracy, like cartels price-fixing. That’s why employment matters are always statutory.
If it’s being done because they are earning less than minimum wage currently then I’m not sure it would be in the public interest to intervene even if it was technically illegal.
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