Resale Prices Acts

The Resale Prices Act 1964 c. 53 was a consolidation Act which when passed, now considered all resale price agreements to be against public interest unless proven otherwise.

Minimum resale price maintenance (MRPM) had ensured that retailers could only sell a product at a price determined by the manufacturer. The abolition of MRPM allowed such retailers to expand; for Instance Comet Group transformed from a small electrical retail chain in Yorkshire to a national discount retailer.