Ofcom to ban inflation-linked mid-contract price rises on phones, pay-TV and broadband
Ofcom to ban inflation-linked mid-contract price rises on phones, pay-TV and broadband
From January 2025 providers will have to tell customers upfront in ‘pounds and pence’ about expected increases
I took things into my own hands. Once my 12 months SIM only contract was up almost two years ago I moved over to a rolling 30-day. I will not go back to the big players on anything more than 30 days. Fuck the greedy bastards.
Don't they offset their losses on a thirty day SIM by charging you more per month?
Who are you with?
Since when have they ever been fucking "inflation-linked"??? Other than the inflation that affects yacht prices for their CEOs, these greedy fucks just want to nick whatever cash they can get and fuck the rest. Arseholes.
Its linked to the cost of aviation fuel, as they need their private jets, and that has shot up in price.
It's weird how it even became a thing. At least I don't remember it being a thing for my broadband contracts until a few years ago.
This is the best summary I could come up with:
Phone companies, broadband providers and subscription TV services will be banned from imposing inflation-linked price increases in the middle of contracts from next year, the telecoms regulator has confirmed.
Under plans being introduced in January 2025, Ofcom will force providers to tell customers upfront, in “pounds and pence”, about any expected rises throughout the duration of their deals.
The move comes after a number of big UK phone and TV providers changed their terms in recent years to include mid-contract rises linked to the retail prices index plus about 4%.
Pressure had grown on the regulator to act after a media campaign, including a Guardian investigation last summer into how the UK’s largest mobile and broadband companies were pushing through the biggest round of price rises for more than 30 years, prompting accusations they were fuelling “greedflation”.
Cristina Luna-Esteban, Ofcom’s telecoms policy director, said: “With household budgets squeezed, people need to have certainty about their monthly outgoings.
“We’re stepping in on behalf of phone, broadband and pay-TV customers to stamp out this practice, so people can be certain of the price they will pay, compare deals more easily and take advantage of the competitive market we have in the UK.”
The original article contains 482 words, the summary contains 200 words. Saved 59%. I'm a bot and I'm open source!
If I signed a contract to pay a certain amount of money each month then that should be the amount of money I pay each month. Should not be legal for them to change the agreement halfway through and then putting "we can change the agreement halfway through" in the terms of service does not make it acceptable.
Glad its banned.
But the contract you signed included the right for the provider to increase with inflation. It even states exactly what measures they can use.
The issue is more, no other options are given. As these companies seem to all agree on the shit they do.
好啊