New UK laws to ease subscription cancellations saving £170 annually

AI Summary

The UK government has announced new laws aimed at simplifying subscription cancellations. According to the Department for Business and Trade (DBT), these changes could save consumers nearly £170 per year. Key provisions include a 14-day cooling-off period post-trial, refunds for unwanted auto-renewals, and enhanced transparency in subscription terms. The DBT estimates 10 million unwanted active subscriptions exist, potentially leading to total public savings of £400 million annually. These rules are set to take effect in spring 2027.