Seanad debates

Wednesday, 2 July 2003

Forfás Consumer Pricing Report 2003: Statements.

 

Senator Leyden correctly indicated that the best way to deal with competition was to allow for open publicity. Gay Byrne was a great driver of competition in the 1970s and 1980s. On Wednesday or Thursday mornings he published a list of prices on his radio show. All those involved in the business listened to this item to ensure they were not charging the highest prices and if they detected the products to be surveyed, they made sure to respond accordingly. It was a great game but it acted in the public interest and those companies which were unable to survive went out of business.

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