delete The Restrictive Trade Practices (Non-notifiable Agreements) (Turnover Threshold) Amendment Order 1997
Amends the 1996 Restrictive Trade Practices (Non-notifiable Agreements) Order by raising the turnover threshold from £20 million to £50 million, determining which business agreements are exempt from notification requirements to competition authorities.
The entire framework of requiring notification and approval for 'restrictive' business agreements is itself a restriction on freedom of contract that British businesses would be better off without. While this amendment reduces the regulatory burden by raising the threshold, it perpetuates a regime that inherently adds compliance costs, delays legitimate commercial arrangements, and assumes government bureaucrats are better positioned than businesspeople to evaluate the merit of contractual agreements. Deleting this amendment would at minimum prompt reconsideration of whether the underlying 1996 Order's notification regime serves any legitimate purpose, rather than merely tweaking the parameters of an unjustified constraint on trade.