You are here: Home - Insurance - News -

Covid prompted 148,000 company complaints

Written by: Emma Lunn
The Competition and Markets Authority (CMA) has been contacted more than 148,000 times in the past year about coronavirus-related issues including cancellations, refunds, and price increases.

The markets regulator has been keeping a tally of the number of people who say businesses have behaved unfairly in relation to problems caused by the pandemic.

The CMA has taken action against certain companies in some sectors. Its action has led to package holiday providers, Virgin Holidays, TUI UK and LoveHolidays refunding or committing to refund customers more than £200m.

It also forced two major holiday lets companies, Vacation Rentals and Sykes Cottages, to offer eligible customers £45m in refunds. This followed complaints from customers that they were not getting their money back, despite being unable to use their holiday accommodation due to lockdown restrictions.

CMA action has also resulted in Bijou Weddings Group providing fairer refunds to couples, and firms being warned over concerns that couples were not receiving the refunds they were entitled to.

It has also launched an investigation in the airlines sector to find out whether airlines have breached consumers’ legal rights by failing to offer cash refunds for flights they could not lawfully take. The CMA is working closely with the Civil Aviation Authority on this.

Most complaints were at the outset of the pandemic in March 2020. The volume of complaints about price increases declined from early April 2020 and remains at a low level. Complaints about cancellations and refunds have also fallen, though not to such a great extent.

Andrea Coscelli, CMA chief executive, said: “The last year has been tough for everyone – including businesses – but that doesn’t mean that consumers, who are also struggling, should be the ones left out of pocket for holidays or other bookings that have been cancelled as a result of the pandemic.

“That’s why the CMA has stepped in, making sure people get hundreds of millions in refunds. Our commitment to consumers is ongoing – we will, as appropriate, continue to take action against businesses that are unlawfully refusing refunds.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
ISA ideas for every generation

When it comes to investing, generally speaking, the longer your time horizon, the more risk you can afford to take.