By Sean Poulter, Consumer Affairs Editor PUBLISHED: 19:59 EST, 3 January 2013 | UPDATED: 03:57 EST, 4 January 2013 Vodafone is one of the major networks that has raised monthly charges on fixed-price contracts in the past year Watchdogs are to stop mobile phone firms making £90million a year by imposing sneak price rises on supposedly fixed-fee contracts. Under plans unveiled by Ofcom, customers faced with unexpected increases in their monthly bill will be able to cancel their contracts without penalty. The new escape clause will be available to those with fixed-price home broadband and landline deals too. The cost-of-living squeeze has made deals with a set monthly fee extremely attractive because – in theory – they make it easier for customers to manage their money.
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Customers to be allowed cancel their contracts without penalty if bills go up
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Ofcom said many customers do not know bills can rise in fixed term contract
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New escape clause to be available to people will fixed-price broadband too
@placeholder will announce a final decision on its plans in the summer, and the new regime will come into effect in September.