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07/20/2021 | Press release | Distributed by Public on 07/19/2021 17:22
Ministers seek to stamp out rip-offs with new consumer protections
Government will protect consumers hard-earned cash and stamp out exploitation of online consumers
new powers for the competition regulator will improve enforcement and tackle subscription traps and fake reviews so people can spend with confidence
Business Secretary Kwasi Kwarteng: The UK s economic recovery relies on the strength of our markets and consumers faith in them
An arsenal of planned reforms to boost competition and shield the public from rip-offs as the UK builds back fairer from the pandemic have been unveiled by the Business Secretary Kwasi Kwarteng.
Government will protect consumers’ hard-earned cash and stamp out exploitation of online consumers
new powers for the competition regulator will improve enforcement and tackle subscription traps and fake reviews so people can spend with confidence
Business Secretary Kwasi Kwarteng: The UK’s economic recovery relies on the strength of our markets and consumers’ faith in them
An arsenal of planned reforms to boost competition and shield the public from rip-offs as the UK builds back fairer from the pandemic have been unveiled by the Business Secretary Kwasi Kwarteng.
The government will change the law so prepayment schemes like Christmas savings clubs have to safeguard customers’ money, protecting consumers’ cash as they save for the holidays. The change will prevent scandals like Farepak happening again, where tens of thousands of people, many on low incomes, lost all they had saved for Christmas when the company went bust.
Tom WickerMonday 29 March 2021
Journalism has been reshaped and – in the eyes of some – imperilled by the power of the tech giants in today’s world.
Global Insight assesses how journalism can continue to perform its vital role in society as publishers, lawmakers, tech companies and regulators seek to mould its future. When Facebook blocked all news links for Australian users in mid-February, it was a key standoff in an increasingly fierce dispute between factions in the news industry globally and the world’s digital tech giants. Facebook’s action was a response to the Australian government’s proposed News Media Bargaining Code, which was introduced to compel the likes of Google and Facebook to negotiate payment with Australian media companies for their content.
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In September 2020 John Penrose MP was asked by the Chancellor to look at how the UK approach to competition and consumer could be improved after the end of the Brexit transition to help provide a springboard of recovery for an economy badly scarred by Covid. His report, drafted with the aid of officials from Treasury and BEIS, builds on work to implement the recommendations of the Furman Review.