To ask the Secretary of State for Business and Trade, with reference to his Department's consultation on the implementation of the new subscription contract regime under the Digital Markets, Competition and Consumers Act 2024, what assessment he has made of the potential impact of proposals on cooling-off rights on the (a) film and (b) television sectors.

To ask the Secretary of State for Business and Trade, with reference to the Department of Culture, Media and Sport's consultation on the implementation of the new subscription contract regime under the Digital Markets, Competition and Consumers Act 2024, what assessment he has made of the potential impact of proposals on cooling-off rights on the (a) film and (b) television sectors.

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 film and television sectors. Officials have also met with relevant trade associations and individual businesses in those sectors to hear their views.

The impact assessment for 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.