Quote:
Originally Posted by Mr K
https://moneyweek.com/merryns-blog/t...-matters-55018
Other providers are using CPI. And where does the plus 3.9% come from? Are they laying thousands of miles of new cable? Or is it to make up for the customers they are shedding? Or is dare I say, corporate greed, and a weak regulator?
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I know the difference between RPI and CPI I don't need a link to tell me.
While I agree the telecoms market is poorly regulated I don't really see what the injustice is in Virgin Media including a clause for a price rise linked to (although above by a fixed rate) inflation. BT pull the exact same 3.9% from thin air.
People in this country are getting poorer because of Government incompetence, not because broadband companies fudge their price rises.
Lest we forget if we regulate them all we will simply pay higher prices sooner since they will all want/need that fixed return.
The Government wants (indeed needs) Virgin Media O2 and Openreach to hit their rollout figures otherwise their own aspirations for full fibre are down the pan.