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Topic Originator: jake89
Date: Thu 20 Jan 22:13
Yeah, but privatising public companies results in competition and lower prices...
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Topic Originator: gwh18
Date: Mon 24 Jan 16:55
Does, until the competition forced out. The they charge what they want.😉
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Topic Originator: Bouncer
Date: Tue 25 Jan 01:40
You would be surprised by the number of competitors and the amount of regulation the Telecoms market has placed on it. The price increase is done using an approved formula and is set by CPI.
Your average Joe will be paying about the price of a pint more each month but many less well off will have no rise. Fortunately it is not a metered service as for most their broadband and data usage has increased significantly.
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Topic Originator: veteraneastender
Date: Tue 25 Jan 15:37
My TalkTalk deal uses BT landlines and is cheaper for broadband and calls.
Never had significant issues with TT.
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Topic Originator: arpar
Date: Tue 25 Jan 19:49
Quote:
jake89, Thu 20 Jan 22:13
Yeah, but privatising public companies results in competition and lower prices...
The price of phone charges is massively cheaper now than when it was public.
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Topic Originator: Stanza
Date: Tue 25 Jan 20:50
Quote:
jake89, Thu 20 Jan 22:13
Yeah, but privatising public companies results in competition and lower prices...
I worked for the pre-privatisation GPO and the post-privatisation BT so I can assure you that there was much more focus on customer satisfaction and service quality after privatisation than there was before it.
I used to have to explain to someone why they could not get any telephone service at all for months, or why someone else had to have "shared service" with their neighbour. It was a big deal for large parts of the country when they could make even a local call without using an operator.
And privatisation in 1984 didn`t mean competition, that came along much later and has undoubtedly brought about much more innovation and cheaper prices, as competition always does.
_________________
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Post Edited (Tue 25 Jan 20:51)
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Topic Originator: jake89
Date: Tue 25 Jan 21:13
Not sure anything is ever cheaper than an efficient not-for-profit tbh. BT have fairly consistent revenues but their profits aren`t looking good for the shareholders, which is no doubt the reason for the price rise.
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Topic Originator: Stanza
Date: Tue 25 Jan 23:15
"Not sure anything is ever cheaper than an efficient not-for-profit tbh."
Possibly if price is the only criterion, but in telecomms it is not.
Telecomms (and IT) is enormously capital-intensive and the technology moves very rapidly, so if a company wants to keep pace with the demands of the consumer and international markets it has to raise huge sums of money. To do so is much more difficult (I would say impossible) in a non-capitalist environment unless it is state-owned, and state-owned industry is seldom as efficient or as nimble as a private company.
_________________
Support Dunfermline Athletic Disabled Supporters` Club (DADSC) when you shop online with one of 8000 firms: https://www.easyfundraising.org.uk/causes/dadsc[
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Topic Originator: Bouncer
Date: Sat 29 Jan 01:04
Jake, BT suspended dividend payments in May 2020 so shareholders haven`t had a bean since then. It is returning this year with the 1st payment being just 2.31p per share.
BT staff never got a pay increase last year either.
The price rise is nothing to do with appeasing shareholders, it`s an annual rise that would happen regardless as it does with mobile, SKY etc
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Topic Originator: jake89
Date: Sat 29 Jan 08:41
Fair enough. Sad to see no pay rise for the employees at a time cost of living is going through the roof.
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