You can cancel now, in fact the right of your notice to cancel only lasts from the time you get the notice of the increase, If I have read the T&Cs correctly.
Quote:
20. Cancellation Rights
You may cancel the Services without penalty in the following circumstances:-
(i) if We increase our Charges You may cancel those Services in respect of which the Charges have increased by giving Us one month's notice in writing within 30 days of the earlier of:
(a) such price increase being notified to You under Condition 6.2; or
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