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.
Clothing prices rise for first time since 1992
The price of clothing and footwear in the UK has increased for the first time since 1992 as we seemingly approached the end of the era of cheap goods from the Far East. A number of factors appear to have come into play including an increase in raw material prices and import costs in the UK, due to currency fluctuations. So is this really the end of the era of cheap goods? The Office for Natio...Read More
UK power companies under pressure over increased direct debits
It has been revealed that a number of UK power companies are placing substantial pressure on their customers to increase direct debit monthly payments. While the energy companies argue that overpayments in the summertime will make up for underpayments in the wintertime there are concerns that the industry is using as a way to increase short-term cash flow.
Many consumers are reporti...
UK government support for electric car market
After a period of relative uncertainty regarding the future of electric cars in the UK, the UK government has today reiterated a subsidy programme introduced by the Labour government which will see up to £5000 handed over to those who acquire an electric car, a plug-in petrol/electric hybrid or a car powered by hydrogen fuel cells from January 2011. There had been concern within the UK car mar...Read More
The Premium Calls Scandal
Did you know that customer calls to the DVLA helped them to bank £3.4 million last year, from their 0870 numbers? Did you know that Admiral Insurance of Cardiff also benefitted from their 0870 numbers? Others who benefitted from premium calls include Tiscali, British Gas and Barclays Bank to name but a few.
These are just two examples of how the premium calls sector is raking in mi...
Opening hours this Christmas at Financialadvice.co.uk
15/12/2014 Over the next couple of weeks our opening hours are set to change. If for any reason you still need to get in touch with us over the Christmas break, you can still ask us a question online, call us and leave a message or send us an email; one of our fully qualified financial advisers will get in touch when our offices re-open. Our Christmas opening hours are as follows: 1st-...Read More