You are here: Home - Household Bills - News -

Broadband more essential than savings or pension

0
Written by: Paloma Kubiak
08/12/2016
Society’s reliance on broadband now means it’s become an essential part of everyday lives, ranked more important than a savings buffer or retirement planning.

Nine in 10 people think a broadband connection is essential to their everyday life alongside other essentials such as food, housing, water and energy.

The survey of 2,000 people by campaign group Which? found the proportion of people who thought broadband was essential (90%) was higher than having a mobile phone (74%), a TV (73%) or running a car (68%).

Broadband is also considered more of an essential than savings (70%) and pension contributions (53%).

However despite many individual’s reliance on broadband, two-thirds have experienced a problem with their service in the past year, whether its slower speeds or intermittent connection drop-outs.

At the time of the survey, Which? found that three in 10 were getting download speeds below 10MB per second – the threshold speed identified by the government to meet the demands of a typical family and small business.

The government is giving everyone a legal right to request a minimum download speed of 10MB per second in the Digital Economy Bill and Which? is pressing for the government to make the process as consumer friendly as possible in order to ensure as many people as possible apply for the scheme.

It also wants to see automatic compensation when people’s broadband speed dips below expected levels, or drops out entirely.

Alex Neill, Which? managing director of home and legal services, said: “This research underlines again just how important broadband is to our everyday lives. Yet many of us are still experiencing persistent service interruptions and a large proportion of the population can’t access usable speeds to carry out the most basic tasks.

“The government must urgently press ahead with its reforms to give us the faster and more reliable broadband connections we all need.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

After an award-winning health insurance provider?

Winner of best online health care provider in the YourMoney.com Awards 2015

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2292837-richard-buxton-st-paul-s-june-2013
Carney may be forced to raise interest rates in 2017, says top UK fund manager

The Bank of England could be forced to raise interest rates next year despite the likelihood of the British economy...

Close