Mobile phone repair bill to reach £100,000 a month by 2035
Mobile phone service costs are set to soar by 2032, according to new research, and could overtake the UK as the most expensive mobile phone service by 2040.
The National Consumers Council (NCC) said the price of basic service for the average UK family of three is expected to jump by £2,000 per month in 2035, with the highest cost of the most basic plan reaching £5,000.
The survey by the research arm of the NCC, The Consumer Federation, found that by 2037, average family members of three will pay an average of £1,832 a month for basic services such as calling and text messaging, including voice and data services, while £1.2 million is expected for mobile phone repair.
The average cost of a basic plan is set to reach $2,076 by 2033, and by 2039 it is set at $4,066.
The cost of upgrading to a basic service plan is estimated to rise by an average £1 per month from £2.40 per month currently.
While basic plans are expected to become more expensive in 2036, the cost of buying a smartphone and paying for a new SIM card will continue to rise, as the NCB study suggests.
A spokesperson for the National Consumers Federation said the cost per month for a basic phone plan was set to double from £1 to £2 by 2036.
The NCC’s report, The Mobile Phone Cost Index 2016, also found that the average cost per hour for basic service was £1 for the basic plan, but by 2034 this was expected to increase to £1 an hour.
The UK’s top-grossing brands are expected increase their spending on basic phone plans, while the price for upgrading to basic plans is expected increase by £10 per month over the next five years, the NCI said.
A spokesman for Tesco said that it is not looking to increase the price per month of basic plans in the near future, but does believe the cost will increase.
He said: “It is always possible to have an affordable phone plan that covers basic service and offers a better value for money.
“We are also committed to making our prices affordable for consumers.” “
Tesco is the UK’s fourth-biggest retailer, with almost 50 per cent of the UK market. “
We are also committed to making our prices affordable for consumers.”
Tesco is the UK’s fourth-biggest retailer, with almost 50 per cent of the UK market.
A Tesco spokesperson said: The price of our basic plans will be fixed over time and will continue as a low price.
Tesco’s cost-cutting strategies aim to deliver a better price for consumers and to encourage innovation in consumer services and products.
“Tesca also pointed out that it had been able to lower prices on its own basic plan over the last year and a half, with a 30 per cent reduction in the cost for the latest three months.
In the last 12 months, the company has increased the cost on its basic plan by an additional 30 per on average.
Tesca’s spokesperson said the company is committed to ensuring that its customers have a range of options to meet their needs.
The spokesman added: “The cost of basic phone services is set in by the NCC, and the cost to upgrade to a standard service plan will increase by an extra £1 a month from 2034.”
A Teshare spokesperson added: We believe that the best way to meet consumers’ needs is through choices. “
This is driven by the fact that the cost is fixed, so there is no possibility of a price increase over the longer term.”
A Teshare spokesperson added: We believe that the best way to meet consumers’ needs is through choices.
“For the foreseeable future, we will not increase prices on our basic phone offer, as we believe that these decisions are important for consumers, our customers, and for the industry as a whole.”