The Fair Trading Act 1986('FTA 1986') and The Consumer Guarantees Act 1993('CGA 1993') are two significant Acts which are highly likely to affect businesses in their interactions with consumers.

With reference to relevant and particular sections in both the FTA 1986 and the CGA 1993, outline the particular ways in which these Acts seek to provide protections for consumers.

As part of your answer include there relevant the action that can be taken against businesses that are found to be in breach of these protections provided for consumers.