Housebuilders to pay £100m to avoid legal decision
Summary
Seven major housebuilders in the UK will pay £100 million to support affordable housing. This payment means the Competition and Markets Authority (CMA) will not need to decide if the companies broke rules on sharing pricing information.Key Facts
- Seven UK housebuilders agreed to pay £100 million.
- The payment is for affordable housing projects.
- The agreement helps them avoid a CMA decision on possible rule-breaking.
- Companies were investigated for sharing sensitive information like house prices.
- The agreement includes not sharing this information in the future, except in special cases.
- The CMA, a government body, checks if companies follow fair competition rules.
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