UK Government Introduces Measures to Save Consumers £400m Annually from Subscription Traps
The UK government has announced new measures aimed at saving consumers approximately £400 million annually by addressing issues related to unwanted and misleading subscriptions, commonly known as subscription traps. These reforms, introduced by the Department for Business and Trade, are designed to make subscription services more transparent and easier to manage. Key changes include requiring businesses to provide clear information before sign-up, issuing reminders before free or discounted trials end, and offering straightforward cancellation options. Additionally, a new 14-day cooling-off period will be implemented after trials end or long-term contracts are renewed. The government estimates that nearly 10 million of the UK's 155 million active subscriptions are unwanted, with many consumers being rolled into paid contracts without clear consent.