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Loan charges: Brits waste billions on not switching broadband providers

British consumers nationwide are throwing billions of pounds away through not switching their broadband providers, according to a new survey.

Research by Broadbandchoices.co.uk found that more than half (58 per cent) of adults have had the same fixed-line broadband connection provider for the last five years, with each one missing out on hundreds of pounds of savings.

The typical internet user could decrease their bill by as much as £75 a year. Yet, 40 per cent of those with a fixed-line broadband connection do not intend to switch in the next five years.

A third (29 per cent) of respondents said that moving providers was too much "hassle" to switch, even if it could free up money to pay off loan charges.

"People are used to shopping around for insurance, energy or even petrol, but being more ‘switch-savvy' with broadband could save households across the UK hundreds of pounds - many consumers do not realise the money they could save," said Dominic Baliszewski, broadband expert at broadbandchoices.co.uk.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801486407-ADNFCR



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