Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum

OFT Decision on VISA Welcome - Lamb

5.57.31pm BST (GMT +0100) Wed 19th Oct 2005

Commenting on the OFT's announcement of its provisional case against Visa regarding their interchange fee, Liberal Democrat Shadow Trade and Industry Secretary, Norman Lamb MP said: "We welcome the Office of Fair Trading's statement of their findings on the interchange fees charged by Visa. There has been serious concern for a long time that consumers have been bearing the brunt of these hidden costs. We hope that this will bring about a better deal for the consumer."

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