Broadband costs go against the grain

According to recent research broadband bills are the only ones not to have risen as a result of the global credit crunch that has affected other costs

Over recent months households have found that their finances are increasingly strained, and this is because the global credit crunch has brought with it a range of price hikes that have seriously affected household finances. The cost of borrowing has soared, petrol prices have been rocketing, food prices have gone sky high, and inflation levels have spiralled out of control. With many bills such as council tax, water bills, and energy bills all rising the outlook is bleak for most households when it comes to their finances and budgets.

However, according to a recent report the only bills not to have risen as a result of the global credit crunch are broadband costs. In fact, broadband bills have gone against the grain and have actually been falling for the past eighteen months or so, according to the research carried out by a price comparison site.

The report claims that over the past year and a half broadband costs have plummeted by a massive sixty percent, whilst in comparison gas and electricity bills have risen by fifteen percent, and are set to rise again later this year.

One official involved in the research stated: “Rampant competition among ISPs is driving the broadband market to cut the cost and raise the speed of home broadband packages.” She went on to state: “As well as the importance of access costs, the internet itself has become the primary source of information for ‘Broadband Britain’.”

She also said that the cost of mobile broadband had also been falling over the course of this year, whilst speeds, service, and download allowances with mobile broadband had been getting better.