Greg Marsh, the founder and CEO of Nous.co, warned of the dangers facing consumers with these eventual rate hikes.
He explained: “These types of in-contract price rises are nothing short of licensed robbery by the phone giants, with poor customers the losers.
“How Ofcom ever agreed to allow this sort of RPI-based rise plus a big lump on top is mind-boggling.
“When inflation was running at around three percent, while this was a ruse, it wasn’t quite so dire for customers.”
