focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

UK telecom firms to improve low-cost offers amid rising cost of living

Mon, 27th Jun 2022 21:35

(Alliance News) - The UK's biggest broadband and mobile companies have agreed to improve low-cost offers to help customers stay connected as the cost of living soars.

The bosses of BT Group PLC, Openreach, Virgin Media O2, Vodafone Group PLC, Three, TalkTalk and Sky made a raft of commitments to support vulnerable customers at a government-led summit at Downing Street on Monday.

The measures include allowing people struggling with their bills to switch to cheaper packages or agreeing manageable payment plans, exploring tariffs, improving existing deals and promoting them better.

Providers, with the help of government, are also to raise awareness of low-cost products to those on Universal Credit.

While social tariffs, or discounted deals, are already available to customers who receive certain government benefits, anyone struggling to pay their mobile or broadband bill can now "expect support from their provider if they ask for it," according to the Department for Digital, Culture, Media & Sport.

Digital Secretary Nadine Dorries said: "Families across the country face increased anxiety about keeping up with bills, so today I agreed with broadband and mobile industry bosses what more can be done to support people during this difficult time.

"I'm pleased to report the industry is listening and has signed up to new commitments offering customers struggling with the cost of living help to stay connected. Those who need support should contact their supplier to see what is available."

Dame Clare Moriarty, chief executive of Citizens Advice, said the pledges "must progress to tougher, permanent protections".

"We still see too many examples of sharp practice like overcharging loyal customers, inflation-busting mid-contract price rises and a shockingly low take-up of social tariffs. So this is by no means job done," she said.

By Sophie Wingate, PA

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

Related Shares

More News
17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in ...

17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher followin...

16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.