Proactive Investors - The government is introducing measures to help consumers cancel unwanted subscriptions more easily, aiming to tackle so-called "subscription traps" that cost Britons £1.6 billion annually, according to The Guardian.
These traps occur when consumers sign up for free trials or discounted offers and are automatically moved to expensive plans if they fail to cancel in time.
Justin Madders, the minister for employment rights, acknowledged the widespread issue, citing his own experience with an unintended subscription while purchasing train tickets.
The new rules, part of the Digital Markets, Competition and Consumer Act, aim to make cancellation and refund processes simpler and clearer.