Based on this agenda, businesses should make clearer rules for consumers to opt out of subscriptions.
The UK government announced a string of consumer protection and competition reforms, following a consultation last year on reforming competition and consumer policy. According to the announcement, one category of the proposed policies aims to ensure the system is fit for the digital age.
The second category of consumer rights reforms is aimed at keeping pacing with digital developments and tackling issues like fake reviews. Under these reforms, platforms that fail to tackle fake reviews could be fined up to 10% of their global annual turnover.
The final category of consumer enforcement reforms would empower the Competition and Markets Authority to intervene effectively. For instance, the national antitrust watchdog would be empowered to gather evidence to combat cartel-style anticompetitive behaviour and even penalise businesses for antitrust behaviour.
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[10 minute read]