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DTI grants extension

Extended warranties debate continues

Trade and Industry secretary Patricia Hewitt today granted the Competition Commission a three-month extension to the extended warranties debate deadline.

The deadline for the Commission's findings, originally set for 1 July, has now been put back to 30 September.

"Extended warranties have been causing concern for a number of years. They are offered on a wide range of goods, from mobile phones and computers to televisions and camcorders and they offer a variety of services extending well beyond a simple repair service," said Hewitt.

"It is important that we tailor our recommendations to the complexities of this market and that we get it right. We have received many representations and are now holding hearings with some of the other parties. I believe it will help all parties if we give ourselves a bit more time," she added.

Since the Commission delivered its list of hypothetical remedies, retailers have remained shtum about their feelings, saying only that they would be relaying their opinions directly to the Commission.

If you are considering buying any electrical goods over the next few months you'd be wise to hold off buying an extended warranty until the Commission reaches it decision, after all your product will be covered by the manufacturer's warranty for the first year anyway.


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