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New laws needed, says former OFT VC

MHK quit over Manx Gas regulatory deal

The former vice-chairman of the Office of Fair Trading says he hopes the Island will get some new competition laws soon. 

Chris Thomas MHK was speaking after Tynwald questions yesterday, when a voluntary regulatory agreement between the government and Manx Gas was discussed during questions. 

Mr Thomas resigned from the OFT over the deal, and says the Island needs a regulator with teeth to take companies to task when needed. 

But he says new laws to spur competition and punish anti-competitive behaviour have been put back by the government:

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