Sky high prices for subscription TV

Posted by Jessica Searle in Personal Finance on 26 June 2013 - Jessica worked as a Credit Analyst at checkmyfile until 2013

The Sky's the limit…well, for prices at least it seems. Telecommunications giant Sky has announced that it will be increasing its prices by up to 10% in September, landing another blow to the UK's already cash-strapped households.

Sky are yet to confirm if these new costs will be applied to new or existing customers, or which packages will be affected across its TV, home phone and broadband ranges. The rise has been snuck into the small print of the Sky website, and is justified as “in accordance with our standard terms”. It is possible that some prices will rise by a less than 10% of course, but the actual amounts are unknown at this stage.

Sky offers four main subscription packages, starting at £21.50 a month. A 10% hike in the 'Family Bundle', for example, would raise the current cost of £31.50 a month by £3.15 to £34.65 a month.

If the same increase is applied to the most expensive (and one of the most popular) of Sky's subscription packages – the 'Sports Bundle' – monthly prices would jump from £42.50 to £46.75.

This news follows a series of price increases that were rolled out in 2012, with September seeing an increase in both line rental and call charges for new customers. In December 2012, some call costs and the price of line rental for home phone customers was also increased from £12.25 to £14.50 - an increase of 18%.

Rival BT has confirmed that the cost of their monthly line rental is being frozen until 2014 – a welcome move, but one that also suggests a rise is very likely in 12 months’ time. In contrast, it has confirmed an increase of 10% to its line rental saver plan – from £129 a year to £141.

With an expected rise in many other household bills – generally (though sadly not universally) believed to be more of a necessity than a swanky TV package – the latest Sky price hike could well see a number of customers decide to tighten their belts and axe their subscription.

There could even be a further problem for anyone who decides to stick with Sky but struggle to pay their monthly bills on time. With telecommunications supplier accounts showing upon your credit file, any missed or late payments would be recorded, and could well affect your ability to get credit in the future.

Jessica Searle is a Credit Analyst at checkmyfile and has a degree in English Literature from the University of Exeter. You can contact her at jessica.searle@checkmyfile.com

Are Car Insurance Premiums Calculated Fairly?

Recently news stories have emerged alleging that a “John” might be more likely to get a cheaper car insurance quote than a “Mohammed”, and that someone with a Gmail account could be offered a lower premium than someone with a Hotmail email address.

Published on 12 Feb 2018 by Jamie Mackenzie Smith

Full Article

The Cost of Incorrect Information on Your Credit Report

Your credit file is compiled from a number of different sources, including payment history from each of your lenders (past and present) and public data as reported by local authorities and courts. The majority of people find that everything held about them is correct, but due to the large amount of information being shared, errors in the information reported can happen, which can lead to issues when you go to apply for credit.

Published on 2 Feb 2018 by Tom Blandford

Full Article

Your Guide to Open Banking

On 13 January, the UK banks embarked upon arguably one of the biggest changes to personal finances since the introduction of computers. Open Banking is aiming to make it easier for banks, lenders and consumers to access and share information, with a view to creating new products and opportunities through innovation and increased competition.

Published on 15 Jan 2018 by Jamie Mackenzie Smith

Full Article

HMRC Bans Credit Card Tax Payments

From 13 January 2018, it will no longer be possible for consumers to use a personal credit card to make a payment on HMRC’s Self-Assessment tax portal. Historically, this has been a popular option as it allows what is often a considerable sum to be deferred.

Published on 12 Jan 2018 by Tom Magor

Full Article

How to Get the Best Deal When Buying a New or Used Car

Buying a new car is both exciting and expensive, but if you know where to look and when, you can grab yourself a bargain. If you take a little time to look into finance or loan deals as well, you can bring down the overall costs significantly.

Published on 11 Jan 2018 by Kevin Pearce

Full Article

Are football clubs exploiting their fans

With Premier League teams under huge pressure to remain in the top flight of English football, the amount lavished on transfer fees and player wages have soared in recent years.

Published on 8 Jan 2018 by Sam Twyford

Full Article

What The 2017 Autumn Budget Means For First-Time Buyers

Wednesday’s autumn budget brought great news to would be first-time homeowners: if you’re buying a home up to the value of £300,000, you won’t have to pay stamp duty for the property. This, the Conservative Party estimate, will benefit 80% of first-time buyers, saving them potentially thousands of pounds on the total cost.

Published on 28 Nov 2017 by Jamie Mackenzie Smith

Full Article

Blacklists - Ten things you probably didn't know

1. Blacklists are not unlawful. No lender is compelled by law to give credit or to give any reason when declining credit. Each may consult several sources of information before making a decision, including any form of list that may exist. Any list containing personal data is automatically regulated by the Data Protection Act 1998.

Published on 9 Oct 2017 by Barry Stamp

Full Article

Is a credit building card a good idea

A credit building credit card is most often used by people that are either looking to improve their credit rating or take out their first credit card.

Published on 24 Mar 2017 by Kelly Luff

Full Article

Which Credit Report Information Can Landlords See

Whenever you rent a property, you will be required to pass some checks set by the landlord or letting agent to prove that you will be a good tenant and that you’ll be able to afford to rent the property.

Published on 7 Mar 2017 by Kevin Pearce

Full Article
keyboard_arrow_left

keyboard_arrow_right

We have loads of great customer reviews