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Martin Lewis Shares Key 'Rule' if You Have Holiday Booked
Planned reforms would require reminder notices, easier online cancellation and a 14-day cooling-off period, with officials estimating average savings of about £14 a month.
- The Government plans to introduce reforms next year to combat so-called "subscription traps," ensuring consumers can cancel services as easily as they signed up.
- Currently, there are 155 million active subscriptions across the UK, with nearly 10 million believed to be unwanted and millions facing unexpected auto-renewals or trial traps.
- Under the planned reforms, companies must provide reminder notices before trials end and implement a 14 day cooling-off period, alongside simpler, faster cancellation processes.
- Campaigner Martin Lewis said "I should get out of something the same way I got into it," while Kate Dearden praised the rules as "clearer, fairer and far easier to cancel."
- Consumers are expected to save around £14 a month per unwanted subscription, though experts advise checking bank statements until protections fully take effect.
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Get Surrey
Get SurreyMartin Lewis shares key 'rule' if you have holiday booked
The financial expert said if you don't act fast, you could lose out
·Newcastle upon Tyne, United Kingdom
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