On 25 May 2012, the OFT published an evaluation report followings its 2006 decision where it found that 50 independent schools had infringed the Chapter I prohibition of the Competition Act 1998 by exchanging information on future fees. The objective of the report is to evaluate whether the OFT’s intervention had an impact and resulted in reduced school fees. The analysis suggests that OFT intervention achieved its desired effect. In its report, the OFT found that boarding fees have been roughly 1.6% lower and day fees 1.5% lower than would have been expected in the absence of intervention. Since 2004/2005, the OFT estimates savings to the consumer of £85m in boarding fees and £20m in day fees. Read more.