According to consumer comparison website uSwitch, prices for broadband in the UK have fallen 36 per cent in the past four years while average speeds have risen from 0.5Mbps to 8Mbps.
The experts at uSwitch say no one should have to pay more than £20 per month for standalone broadband, yet nearly five million consumers are still on old contracts a cost of £163 million per year.
The report showed Orange as the having the most expensive broadband for the past five years, while Virgin Media had the fastest services and has just announced it will offer 50Mbps connections next year.
Steve Weller, head of communications services at uSwitch, recommended that anyone without a contract should take advantage of the low prices as soon as possible in the new year.
“We predict that prices will stabilise,” he said, “but customers will be offered more for their money as ISPs continue to increase
speeds.”
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