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British firms could lose out on international work because of the government鈥檚 failure to implement the Bribery Act in full, according to the Organisation for Economic Co-operation and Development.

Professor Mark Pieth, chairman of the OECD鈥檚 working group on bribery told the Guardian newspaper the body was 鈥渄isappointed and concerned鈥� at the failure to implement the Act, passed by the Labour government.

He said patience was 鈥渞unning out fast鈥� among other industrialised nations and warned UK firms could be 鈥渂lacklisted鈥�.

Pieth added: 鈥淭his move will hurt the competitiveness of British industry at a moment when it is most vulnerable. Allowing companies to continue to generate business by bribery actually weakens their competitive clout as they become dependent on illegal means.鈥�

He said competitors in other countries were ready to take 鈥渞obust action鈥� against UK firms who don鈥檛 comply with international law.

The coalition has delayed the implementation of the Act, and is yet to publish guidelines under which the new rules will work.

This is despite continued claims by British business groups that the Act itself has the potential to put UK businesses in danger of prosecution after doing nothing wrong.

John Cridland, the head of business group the CBI, yesterday claimed the Act was not 鈥渇it for purpose鈥�.