Office of Fair Trading (United Kingdom)

The Office of Fair Trading (OFT) was a UK government agency responsible for promoting competition and protecting consumers by enforcing laws against unfair business practices. It investigated anti-competitive behavior, false advertising, and scams, ensuring markets function freely and fairly. In 2014, its functions were absorbed into the Competition and Markets Authority (CMA), which now handles these responsibilities. The OFT played a key role in maintaining honest, competitive business environments, benefiting consumers and honest businesses alike.