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There will also be new, clearer rules for businesses to make it easier for customers to opt out of "subscription traps", where they are stuck paying for something longer than they want. Companies will be required to remind customers that a free trial or introductory offer is coming to an end, warn them before a contract automatically renews, and will have to allow people to exit a contract in a straightforward way. As part of measures designed to improve consumer protection, the government will give the competition watchdog more powers to tackle rip-offs and poor business practices, including being able to fine companies. If the plans pass into law, the Competition and Markets Authority will be able to enforce consumer law directly, and will have the power to fine businesses up to 10% of their global turnover for mistreating their customers. "Consumers deserve better, and the majority of businesses out there doing the right thing deserve protection from rogue traders undermining them." Sign up to the daily Business Today email or follow Guardian Business on Twitter at BusinessDesk When the Christmas hamper business Farepak collapsed in 2006, more than 100,000 people were left unable to access the money they had saved, and it sparked calls for greater protection for consumers who use these schemes. The government said the coronavirus pandemic, which prompted a boom in online shopping, had also highlighted bad practices such as fake reviews. faux saint laurent bag
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