Virgin Media has announced that it'll be introducing a price surge based on inflation and prevent people from cancelling their contracts for free.
From April this year, millions of Virgin customers in the UK will see their phone, broadband and TV bills surge by an average of 13.8 percent.
And in 2024, the telecoms giant will start to use the Retail Price Index (RPI) measure of inflation - plus 3.9% on top - when deciding how much prices will need to be raised. The Mirror reports that this new pricing scheme will come into force in April of next year, and will be based on the inflation figures from that February.
