Overview

• Seven developers—Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry—have proposed a £100 million contribution to fund new affordable homes across the UK
• The firms submitted legally binding measures prohibiting the exchange of competitively sensitive data such as pricing, viewings and buyer incentives
• CMA chief executive Sarah Cardell said the commitments will strengthen compliance and remove the need for a formal ruling on potential anticompetitive conduct
• The regulator’s public consultation runs until July 24, after which it will decide whether to accept the package or proceed to a formal finding
• The voluntary offer, the largest secured by the CMA to date, does not constitute an admission of wrongdoing