Money Saving Expert founder Martin Lewis let out a swearword today (Jan 10) on Twitter as he dropped a bombshell about broadband price rises. The financial guru said that people could see their broadband bills potentially rise by as much as 15 per cent in March due to inflation.
Mr Lewis added that many of the broadband companies in the UK have special clauses in their terms and conditions allowing them to raise - without any consultation - prices by inflation, plus four per cent. With it currently running at around 11 per cent this could mean huge increases ahead.
He tweeted: “Working on tonight's @itvmlshow updating the energy bill situation, broadband and water bills. Broadband is very worrying, many have clauses allowing them to increase prices mid contract by CPI or RPI + 4%. That could mean in March 15%+ rises for many. Sh*t!”
