BT is putting its broadband prices up by a record amount. The telecoms provider has confirmed it is increasing bills by 14.4% for the majority of its residential broadband customers.
The increase will come into effect on March 31, 2023. The total percentage figure comprises the Consumer Prices Index inflation rate of 10.5%, plus BT's own rate of an additional 3.9%.
Consumer website Uswitch said it represented "the largest mid-contract price rise the UK has ever seen for broadband", adding: "If you’re a BT customer, you may have agreed to an annual price rise when you signed up, as it's often part of BT's terms and conditions. This means it's unlikely you’ll be able to cancel your contract without having to pay an expensive exit fee.