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Price increase

TheJayBee
Rising Star
Posts: 84
Thanks: 27
Fixes: 3
Registered: ‎26-10-2018

Price increase

Like all businesses across the country, our costs are rising significantly because of high inflation.”

 

PlusNet, and other similar companies, raising prices by more than inflation are making inflation worse.  If every company annually increased prices by more than inflation we’d soon have inflation spiralling out of control.  Madness.

 

How can it be even legal to have a contract where the supplier can increase the price by an unknown amount each year (it is not known until the CPI price figure is released) and the consumer has no option to leave?

 

I do hope Ofcom stops this nonsense.  They knew this would happen but have waited until it’s too late to stop it.  Another useless regulator.


End of rant!  Good morning 😁

1 REPLY 1
Baldrick1
Moderator
Moderator
Posts: 11,681
Thanks: 5,195
Fixes: 417
Registered: ‎30-06-2016

Re: Price increase


@TheJayBee wrote:

How can it be even legal to have a contract where the supplier can increase the price by an unknown amount each year 


By stating that they will be doing this in the contract to which you agreed.


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