O2 price rise feels like a mockery of Ofcom’s consumer protection!
O2 has announced that from April 2026, mobile customers will see their monthly bills rise by MORE THAN IT TOLD THEM, £30 a year – up 40% from the £21.60 annual increase previously written into their contracts. Full help to beat it here, you need act quick... https://t.co/5D74balVcl
Here is my press statement on this debacle...
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This move feels to me a bit like it makes a mockery of @Ofcom's new 'pounds and pence' consumer protection regime, which came in at the start of this year. It was the regulator's solution to hideous above-inflation, mid-contract price hikes was that on sign-up firms should tell you in advance, in pounds and pence, the price hikes you'll face during the contract period.
Sky has side-stepped this from the start by saying it wouldn't tell customers of the rises before they sign up, but instead when it does annual price hikes it will allow them to leave penalty free.
Now O2 is also dancing away, increasing contracts by more than it said it would when people signed up. And while that means all its impacted mobile customers can leave penalty-free – and many should – we know few will. Most will likely just have to suck up a rise that was more than they were told when they signed up.
The worry is now O2 has opened the door to this behaviour other mobile firms will feel less worried about following suit. It's a great regret that when Ofcom consulted on these changes it didn't listen to the proposal I and others made to simply ban above-inflation, mid-contract price rises (or any mid-contract rises).
And it's worth noting the rises O2 had told customers of in advance were already usually far above inflation, but now will typically be at least 7% and up to 30%. And all this adds more inflationary pressure to the economy in its own right.
Please share the post below, there are up to 15m O2 customers in the UK, they need to understand what's happening (& all on mobile and broadband contracts need to worry about this trend)
@BBCBreakfast @BBCNaga So much negativity in the UK look how the BBC showed such a different positive view! Coronavirus: Inside a reopened primary school in the time of Covid-19 https://t.co/YX3MgTTcYd
Hello @mrdanwalker@BBCBreakfast@louiseminchin from the beginning of this pandemic there was a old couple on a cruise ship, did they make it through and get home? Cheers Colin, always a great show btw