Main stories
Energy market review Energy market - to be investigated by new competition watchdog..more
Budget logo Budget analysis - latest news
Mark Carney Bank of England - downgrades unemployment threshold

UK growth - GDP up 0.8% in the third quarter of 2013

UK unemployment - down to 7.1% as jobs market improves. More..

The global economy - IMF revises growth forecasts..More
Royal Mail - privatisation comes a step closer with announcement of IPO. More...
UK to launch Islamic Bond ..more
Mortgage approvals - highest since Jan 2009...More
Bank of England launches 'forward guidance' policy. Read the full story.
The UK's top 40 Universities for Economics.
Public spending - £11.5bn cuts announced
UK growth - UK avoids triple-dip recession
Benefit cap  - kicks in at £500 per week
UK Budget 2013 - analysis and comment
Student Guide to university Clearing
Quantitative easing - put on hold
Poverty - recession and relative poverty
Welfare reform - the end of universal benefits
Underemployment - over 3 million
CPI inflation - at 2.7%
Energy prices - set to rise
Competition policy - new regulator planned
Greek bailout - Euro problems
Top international universities for Economics
Top UK universities for Economics
OECD - latest forecasts for the OECD countries..More
Updates Get the latest updates on the UK economy, including GDP, inflation...More...
  Study guides Latest resources for students from Economics Online.  More...
How to answer data response questions. More...
Multiple choice tests Improve knowledge and understanding of Economics. More...
Market structures revision presentations
Economics tuition - from specialist tutors. Find out more..or REGISTER
City of London The financial crisis reveals a fundamental weakness .. More...
Recommended texts















Chemical cartel

The European Chemical Cartel

In 2006, seven European chemical companies were fined a total of £275m for operating an illegal cartel that fixed chemical prices in continental Europe and the UK.

The particular chemical in question was hydrogen peroxide, and agent for bleaching textiles and an ingredient in many domestic soap powders.

The seven companies were found guilty by the European Competition regulator, the European Competition Commission, of two particular practices: price fixing of chemicals and ‘carving-up’ the chemical market across Europe.

The cartel came to light in 2002 when one company involved became a ‘whistle blower’ and gained immunity from prosecution.

The fines were the third largest imposed by the European Commission, mainly reflecting the fact that the participants of the cartel were repeat offenders.

Source: The Times, May 2006.