You no longer have to read the small printIt's official: you don't have to read the Ts & Cs
Few of us read all the small print anyway, but now lawyers and other authorities say we don't have to
My view is that the Telegraph article significantly overstates the rights a consumer has.
It is true that the new Consumer Rights Act 2015 requires terms in consumer contracts to be in plain, intelligible language, but complexity of language merely creates a rebuttable presumption that the meaning is unclear, so any lack of clarity should resolve in the consumer's favour. The lawyer mentioned in the article merely says, truthfully, that terms and conditions for financial products often contain glitches that have arisen as terms are revised over time, which may trigger the presumption that they are unclear and should be construed in the most favourable light to the consumer.
The new Act doesn't allow you to say "that's a long set of terms and conditions, which I will ignore as I am not bound by them". That inference is journalistic licence, which the courts are most unlikely to follow.
It is a long standing principle of contract law, known as
contra proferentem, that any vagueness or uncertainty in a contract shall resolve in favour of the parties who are not relying on the clause(s) in question. The Unfair Terms in Consumer Contracts Regulations 1999, which the new Act replaces, laid out a test of fairness that terms in consumer contracts must meet to be valid. As
the commentary on Pinsent Masons' web site notes, the requirement for transparency (plain and intelligible language) is carried over from the 1999 Regulations. What is new in the 2015 Act is the requirement for prominence, and it is this requirement that potentially defeats small print. If a reasonable well-informed consumer would not have noticed the term in question before entering into a contract, there is a rebuttable presumption the term is unfair and therefore does not bind the consumer.
The requirement for prominence means companies burying anti-consumer clauses deep within contracts might not be able to rely on those terms. In practice, this may well require service providers to draw clauses about early termination charges to consumers' attention before commencement of the contract.