BT increases cost of phone calls
Families and businesses around the UK are today looking at a 10% increase in the cost of telephone calls due to inflation busting price rises by BT. It has been revealed that the minimum cost of a standard call using the BT network will be 17.3p after taking into account connection charges and call rate increases. So why has BT decided to increase charges?
The company recently underwent a review of its pricing structure and has decided to increase charges to cover costs and put the company in better shape when it leaves the recession. While there are ways and means of reducing BT bills from today's inflation busting figures, via signing up for inclusive packages and paying one year's line rental up front, these are options not open to everybody.
The company has begun writing to its 12.5 million customers to explain why prices have risen and exactly what this means to their particular payment plans. Whether this will play into the hands of competing telecom provides in the UK remains to be seen but a 10% increase in charges at this stage of the economic cycle is not what consumers and businesses would have expected.
Fuel poverty is spreading around the UK
It has been reported that at least a further 1 million of the UK population have slipped into fuel poverty, which basically means that they spend more than ten percent of their income on gas, electricity, etc. This now brings the total figure up to a shocking 3.5 million and blows wide open the government's argument that they have been doing all that they can to assist the worse off in society....Read More
Thomas Cook is the centre of attention
Tour giant Thomas Cook will this week be the centre of attention after UK research outfit Morgan Stanley sounded the alarm bells over the company's increased debt. Citing adverse currency movements, higher than expected exceptional costs, a weakness in working capital and a significant expansion programme over the last few years, the broker believes that the company may find it difficult to refina...Read More
HM Revenue and Customs in new data protection scare
It has been revealed that HM Revenue and Customs have inadvertently posted the financial details of 50,000 people in the UK. It is believed that a number of claimants have been sent their annual award notices which have seemingly included the financial details of other people in the system. This is not the first time that HM Revenue and Customs has been involved in data protection scare although D...Read More
Car road tax rises well above inflation
Those who are looking to tax their cars over the next few weeks will notice a substantial increase in the cost which is moving ahead well above the rate of inflation. Despite a number of promises by the government the vast majority of UK car owners are set to be hit with substantial rises in road tax, a situation which looks as though it will get worse in the longer term. So why are the authoritie...Read More
Virgin: Footy fans spend big on support
Football fans spent over £1,000 on following their team last year, Virgin Money has revealed.According to the firm, Premiership supporters spent an average £1,331 on tickets and merchandise - with fans of lower-league teams just behind on £1,080.Virgin Money also found that the ticket expenditure of 12 per cent of top division match-going supporters exceeded £3,000 last year.In total, the foot...Read More