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Martin Lewis Shares Key 'Rule' if You Have Holiday Booked
Planned reforms would require clearer sign-up terms, simpler cancellation and reminder notices, with officials estimating average savings of about £14 a month.
- Consumers could soon find it easier to cancel subscriptions and avoid hidden costs, as the Government sets new rules to crack down on so-called "subscription traps."
- The scale of the problem is significant, with 155 million active subscriptions across the UK, nearly 10 million believed to be unwanted, and 3.5 million rolled onto paid plans after free trials.
- Under the planned reforms, companies will be forced to provide reminder notices and a 14 day cooling off period after renewals; Kate Dearden, Government official, said changes offer estimated savings of around £14 monthly.
- Campaigner Martin Lewis has long argued that cancelling should be as simple as signing up, stating, "My view has always been quite simple." He emphasized consistent cancellation methods across platforms.
- Lewis advises consumers to secure travel insurance ASAB—as soon as they book—to cover medical emergencies; the Foreign Office warns that coverage may be invalidated if travelling against FCDO guidance.
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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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