Housebuilders to pay £100m to avoid legal decision

Housebuilders in Britain will pay £100m towards affordable homes to sidestep a regulator's decision on potential competition law breaches. This agreement also includes a ban on sharing sensitive data, like house prices. The deal comes as part of an investigation launched by the Competition and Markets Authority (CMA) examining potential information sharing among housebuilders. Acceptance of this resolution by the CMA will eliminate the need to determine if the companies violated competition regulations.