Ofcom and the CPI + 3.9%

Ofcom in its wisdom allowed ISPs an annual increase of CPI+3.9% and much forum space has been devoted to explain the hefty rises appearing on latest bills.

Given that anyone with common sense was expecting the economic shocks now unfolding with future inflation rates now estimated at 10% I hope Ofcom is reviewing its policy.

Edited by Malwaremike (Wed 11-May-22 16:25:43)

In reply to a post by Malwaremike:

Given that anyone with common sense was expecting the economic shocks now unfolding with future interest rates now estimated at 10% I hope Ofcom is reviewing its policy.

They are, consultations underway to increase it to CPI + 5.732%. 😉

Typical UK regulator to allow that.

Is the consultation open to the public?

They are, consultations underway to increase it to CPI + 5.732%. 😉

Can back this up with receipts?

A quick Google search only gives you post! It not something which should even be joke about. When BoE is expecting greater number of households become behind on there morgages.

In reply to a post by amiga_dude:

Can back this up with receipts?

I thought the wink emoji in my post would be self explanatory, along with the ludicrous number of decimal places in the percentage.

It not first time such comment has been made in the last mouth. I can not rember who did that ("joke") in previous post this mouth.
There are people out there seriously stressing out there. I not against a joke as per say but there people justfiable getting worried about things.

My view on contact is simple. You want that commitment from someone, then price stays the same all way though contract if they have to pay ("get out of jail") charge. CPI uplift is wrong, this CPI + x.x% wrong so many levels. It all power dymanic where public have no real power over business treating like easy fools. The only way it should change during contact is if govement changes rate of VAT(Up/Down) etc.

In reply to a post by amiga_dude:

I not against a joke as per say but there people justfiable getting worried about things.

I had no idea that quip would be so controversial. I should probably hold off on my joke about gender identities then. 😉

In reply to a post by Oliver341:

I had no idea that quip would be so controversial. I should probably hold off on my joke about gender identities then. 😉

Probably best, this is a PC joke free zone 😉

Its the way you can have a cost of living price rise immediately after signing up that makes a mockery of the whole thing. Yet the prices to new customers don't go up?

I paid the price I signed up to with Plusnet for all of seven days before I was hit with the CPI increase last year. It doesn't leave a great taste in the mouth I have to say.