Martin Lewis has warned broadband users they could face "worrying" price rises from this spring. He said many will have clauses in their deals meaning prices can be increased in the middle of a contract.
He said this allowed for prices to rise by inflation - either by CPI (Consumer Prices Index) or RPI (retail price index) - plus 4%. The money saving expert said on Twitter on Tuesday (January 10): "That could mean in March 15% rises for many. S**t!"
Returning to the subject in the first 2023 episode of his ITV money show, Martin repeated the warning. He told viewers: "Many broadband firms' clauses allow them mid-contract to do inflation rate plus up to 4% increases. If they enact them this year this could mean 15%-ish hikes this spring, it usually happens in April, for most of the major broadband providers, which is going to be another hike for many people
