ITV money man Martin Lewis has issued a warning to all UK residents forking out hard earned money for broadband - ahead of price hikes in the spring.
Taking to his Money Show last night (17 January), Martin spoke about inflation with regards to broadband, when it comes, and how they calculate price rises for the year.
Addressing viewers of his programme, the Money Saving Expert founder, said: "For the rest of this week, probably from tomorrow, we are going to get the December inflation figures.
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Birmingham Live reports that he added: That is normally what broadband costs are increased on. And they do it above inflation - so I am expecting 15 per cent rises in broadband to be announced for many of the big providers this week. So go now.
"Look if you can get a cheaper price on a price comparison website, see if you can use that as a benchmark."
He continued: "And if you are one of those many millions out of contract, ring up your provider and say you want a cheaper deal, and if they can't do it, well, maybe you want to leave."
BT, EE, Plusnet, Shell, TalkTalk, Three and Vodafone broadband customers are expected to be hit with price hikes of up to 15 per cent this spring.
Lewis already previously warned. “As a loyal customer, the first thing I would do is, I’d get on the phone and I’d say: I’ve seen what you’re charging new customers. I’m not willing to pay that amount, can you offer me a better deal?"
He said: “If they say no, you say ‘I want to go through to customer disconnections’ – this is where they can do the big deals.”
A recent MoneySavingExpert poll revealed an over 75 per cent success rate when haggling with TalkTalk, Virgin and Sky, plus 'high success rates at many other broadband providers too'.
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