So I've just recieved my price increase notification and I'm confused, does anyone know how on earth it is justified to increase by January CPI 'plus' 3.9%, that means 5.5% + 3.9% that's 9.4% if my basic maths is working properly. If anyone can explain how this works beyond what looks like overt profiteering I'd be very grateful.
BT profiteering from the increases, nearly 10% if I have read the notice correctly.
I take it you 2 are quite happy with the service then & don't want the improvements & full fibre being rolled out across the country? It's not profiteering it's an increase which although high is being used to invest in the network etc
and don't forget, the share holders will be due their dividends 😉
I think you will find that there are many other companies who have taken the same approach with increases in March/April of CPI + 3.8/3.9% so this appears to becoming the norm. I agree it is big increase and was originally set when CPI was very low but CPI has increased significantly since then
I think this is probably the most helpful page I have found regarding the price increases.
As others have said, BT aren't alone in raising prices and whilst it is high, it is transparent.
I am presently paying £25.06. I have received a price increase notification of £2.33. By my reckoning then that is an increase of 9.3%.
I am well aware of the CPI + 3.9% malarkey - that is not my query. My query is regarding the CPI rate they have used ... I work it out as 5.4%. Where did they get that figure from? Is that really the pertinent CPI rate?
5.4% in December 21 and 5.5% in Jan 22