To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of proposals on cooling-off rights in the consultation on the implementation of the new subscription contracts regime, published on 18 November 2024, on (a) the heritage sector and (b) visitor attractions.
Answered on
1 April 2025
The Consultation on the implementation of the new subscriptions contract regime closed on 10 February 2025. We are analysing the responses, including submissions from the heritage and visitor attraction sectors. Officials have also met with relevant representatives and individual organisations in those sectors to hear their views.
The impact assessment for the subscriptions chapter in the Digital Markets, Competition and Consumer Act can be found here: Subscription traps: annex 2 impact assessment. Together the subscription measures are anticipated to provide £400m of consumer benefits per year and the estimated net cost to businesses is £171m per year.