Business Live updates Ofcom is proposing a ban on inflation-linked telecoms contract rises. The Media regulator is set to introduce a new rule requiring that any price written into a customer’s contract would need to be set out in pounds and pence, prominently and transparently, at the point of sale, instead of an inflation-linked percentage increase. Ofcom said: "Inflation-linked mid-contract price rise terms can cause substantial amounts of consumer harm by complicating the process of shopping for a deal, limiting consumer engagement, and making competition less effective as a result. "These terms also require customers to…
