Finian McGrath (Dublin North Central, Independent)

I am glad to have the opportunity to speak on this important debate on the Competition Authority, the issue of higher prices and reduced spending power for consumers. This is relevant in light of recent developments in the economy and society. As an independent Member, my focus will always be on the consumer, the customer and the citizen. The rip-off culture must always be challenged. Taxpayers' money must not be wasted. It must be spent wisely with priority given to the weaker sections of society, the elderly, the sick, the disabled, the homeless and the carers. We must challenge Ministers of State who will spend €46,000 on personalised advertisements over the coming weeks when money should instead be pumped into services. On the north side of Dublin city, families with children with disabilities cannot even get occupational therapists.

Those who push the right-wing economic agenda in the House can stuff it. How many people believe prices will drop following the revocation of the groceries order? Will the consumer get a fair deal? Last week, the Minister for Enterprise, Trade and Employment, Deputy Martin, announced the Government's approval to revoke the groceries order. This decision is gravely disappointing for the wide range of groups that supported the order, especially given that yet again the Minister's officials were unable to determine the impact of the order on food prices, inflation or international price comparisons.

The Minister also announced the strengthening of the Competition Act 2002 to outlaw practices banned under the groceries order but inadequately covered by competition law. In particular, he committed to outlawing 'hello money', resale price maintenance and unfair discrimination. However, there is a glaring gap in the Minister's reforms that needs to be addressed, if the repeal of the order is not to result in the closure of local shops and the increased dominance of the largest players. I will stand with the local shop sector on this issue. The Competition Act only prohibits predatory pricing when indulged in by a dominant firm. However it must be remembered when a large retailer selectively puts prices down to target smaller competition it puts smaller firms out of business. If the Minister wishes to ensure competition and fair play in the retail grocery trade following the revocation of the order, he must outlaw predatory pricing by firms not deemed dominant.

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