You are here: Home - Household Bills - News -

Brits wasting millions on broadband

0
Written by:
01/02/2008

Research by uSwitch.com has revealed that five million households in the UK are paying more than the going rate for their broadband, wasting £162m a year.

The price comparison site compared the average price for the most popular speed in January 2004 against the same for 2008. Four years ago, customers could expect to pay an average of £27 a month for broadband with a standard speed of just 0.5MB. Today, the majority have signed up to a headline speed of 8MB costing an average of £17 a month. This is a saving of £120 a year for a service 16 times as fast.

The broadband market is dominated by the same key players that first piped high speed internet into homes four years ago, but while some companies have slashed prices by as much as 46%, others have dropped their charges by just 29%.

Steve Weller, head of communications services at uSwitch.com, said: “With broadband both the cheapest and the fastest it’s ever been, our love affair with the internet is set to reach great heights this year.

“We predict that prices will stabilise, but customers will be offered more for their money, with companies continuing to increase speeds. We advise the three million customers currently not in a contract to kick start 2008 by snapping up a new broadband deal.”

 

Related Posts

Tagged:

Tag Box

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.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week

Read previous post:
Millions of drivers travel unbelted

Nearly 2.3m drivers don’t always wear a seatbelt while travelling, research from insurer Liverpool Victoria (LV=) has shown.

Close