Sky, Virgin Media, BT and TalkTalk set to increase broadband prices this month for millions of households
The average price hike will be £3.03 per month, the equivalent of £36.39 per year.
The price hike means broadband providers will rake in an additional £909m per year (Image: Press Association / PA)
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However, as more and more expensive smartphones hit the market, consumers are finding their mobile bills rocketing.
Many offers are now pricey monthly contracts that lock you in for two years, often costing upwards of £40, equating to almost £500 each year.
There is a way consumers can cut costs, however, if they hold on to their old handset or buy a new one outright and switch to a sim-only contract.
Customers looking to save money on their phone bills can switch to Sim-only
Sim-only deals can be very cheap, with some available for under £5 a month making them an obvious choice for those looking to save money.
Lack of competition in the broadband market means the majority of households use just four providers to connect their home, new research has revealed.
Some 21million households are with the Big Four providers which include Sky, Virgin, BT and TalkTalk, according to data from Compare the Market.
It found that four in five households have not switched provider in more than a year and those that have are often stuck with a mainstream supplier with the four suppliers taking up 81 per cent of switches.
The news comes as the UK is into its third national lockdown that will see many households continue to video call, home school and use streaming services.
A new study by comparethemarket.com reveals just how dependant we are on the internet
With 96%
1 of UK households having access to the internet, and 90% stating they wouldn’t be able to cope without it
2,
market.com has carried out an experiment
3 to reveal just how dependent we are on the internet as a nation, and how long it takes for us to freak out if our WiFi drops.
We ran an experiment that involved us asking households to turn off their broadband throughout one week at different times of the day and log how long, on average, it took for another member of their household to notice they couldn’t access the WiFi.
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