Skint Dad

Where Every Penny Counts

  • Home
  • Save money
    • Latest supermarket offers
    • 1p Saving Challenge
  • Make money
    • Best Paid Surveys
    • Quidco New Member Offers
    • Genuine Work From Home Jobs
  • Manage money
  • Cheap recipes
    • Fakeaway Recipes
  • Win
    • Skint Dad competitions
  • Deals
    • Amazon Discount Tool
  • Join us
    • Newsletter
  • About
Home / Save Money / BT Slashes Costs by 37% for a Million Landline-Only Customers

BT Slashes Costs by 37% for a Million Landline-Only Customers

By Naomi Willis | last updated 26th October 2017

Subscribe to our weekly newsletter and get a £16 Quidco sign-up bonus
Share
Tweet
Pin

BT landline-only customers are going to see a price cut of 37% (£87 per year) after an Ofcom review has shown people are getting poor value for money.

This site contains affiliate links. We may receive a commission for purchases made through these links. [Learn more]

BT landline-only customers are going to see a price cut of 37% (£87 per year) after an Ofcom review has shown people are getting poor value for money.

I do love to hear when a company decides to cut their costs.

What great news to all of us who pay them money each month.

We all get a bit more money in our pockets.

How nice of the company to do this…but wait they’ve been forced to!

Ofcom (who regulate fixed-line telecoms and more) carried out a review on BT and found they had been charging too much!

While a whole host of people in the country are struggling financially, the group of people who’ve been charged too much this time are the elderly.

BT cutting charges for landline-only 

Most of you reading this won’t have a landline-only service, but I bet you know someone who does.

According to Ofcom, more than two thirds (66%) customers who have landline-only are over 65.

The regulator found that up to one million people have been getting poor value for money, compared to those who buy bundles with TV and broadband thrown in.

What’s happened is that BT has increased the cost of telephone line rental (even thought wholesale costs were falling) meaning a big increase of profit for them. And, because this group of people are likely to never switch, BT has been getting away with it.

As a double whammy, because BT upped their prices for landlines over the years the other providers mostly did the same! This will likely mean that other providers will make a price cut too.

How much will be saved?

People are going to be saving £84 a year, which is a 37% cut on their bill. This works out at around £7 a month disappearing from what they have to pay.

The cuts will come into effect from April 2018 and BT are not allowed to raise its line rental for landline-only customers before the price cut comes into effect.

The price cut will last for three years.

There are around 800,000 who don’t need to do anything to claim this price cut. BT will make it appear automatically on their bills from April 2018.

But there are another 200,000 customers that this effects. They are on BT’s ‘Home Phone Saver’ package. These people have a choice and will need to either stay on their current package, or move to the standard product being cut (depending on what’s the best deal).

However, there is a third option – just switch.

Get a better deal

A way for them to make more savings is by switching provider, but three quarters of these people have never switched from BT and have been with them (probably) since forever.

Without broadband or the internet it can be harder to search for good deals out there.

So why not look to do a good dead this week.

Speak to your relatives and see if they want help switching their services.

They may be unsure how to do it or don’t even know they can save money in this way.

A phone call to their current provider may find they can switch to a different package and save straight away. Alternatively, switching to a new telephone provider may be a good option and it doesn’t take long to see what services are out there (and how much could be saved).

 

If you find you’re paying too much for your TV package there are far cheaper options.

Switching your gas and electricity providers is a sure fire way to save up to £280 a year, so why not switch all your services and free up some spare cash in your budget.

  • About
  • Latest Posts
Naomi Willis
Editor at Skint Dad
Naomi knows the burden of living on very little and became debt free by learning from past mistakes and following her own money saving tips and tricks.
Latest posts by Naomi Willis (see all)
  • TopCashback Sweet Treats Giveaway 2021: ALL answers - 3rd March 2021
  • Don’t Forget FREE Books on World Book Day - 28th February 2021
  • 10 Last Minute (and Cheap) World Book Day Costumes - 26th February 2021

Leave a Reply Cancel reply

Your email address will not be published.

final sd bio
Skint Dad in the media
HIBS100 Index of Home and Interior Blogs
HIBS100

Find out how to

Save money

Make money

Manage money

Start a blog

Eat cheap

Win competitions

Join us

Information

About Skint Dad

Contact us

Awards, Media and Press

Jobs at Skint Dad

Privacy Policy

Cookie Policy

Terms & Conditions

SKINT DAD®

8b Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

Skint Media Limited
is a registered company
in England & Wales.

Company reg no: 09991508
VAT No: 318 7349 80

Check out our sister site Skint Chef

Copyright © 2021 · Skint Media Limited · All rights reserved · Registered in England and Wales with company number 09991508 · Sitemap · Privacy Policy · Cookie Policy · Terms and Conditions

Skint Dad | Where Every Penny Counts! Logo Header Menu
  • Home
  • Save money
    • Latest supermarket offers
    • 1p Saving Challenge
  • Make money
    • Best Paid Surveys
    • Quidco New Member Offers
    • Genuine Work From Home Jobs
  • Manage money
  • Cheap recipes
    • Fakeaway Recipes
  • Win
    • Skint Dad competitions
  • Deals
    • Amazon Discount Tool
  • Join us
    • Newsletter
  • About