Telecoms companies have historically had a poor reputation for customer service, something that our own research unfortunately verifies. Previously with little difference between service levels amongst telcos, customers didn’t have much choice, so there was little incentive to invest.However this is changing as new entrants and technologies disrupt the traditional telecoms market. On the bac...
This week the Independent Commission on Banking (ICB) released its long-awaited report on reforming the banking system. It has two main aims - firstly to protect us all from potential future financial crises by splitting bank’s retail and investment arms but importantly to increase competition within the UK banking sector.In fact the report states that it wants a market where “ba...
Two things used to be true about the telecoms sector – prices were always falling and companies across the market had a reputation for poor customer service. The news that BT is increasing call charges by up to 5% - its second rise this year - shows that even in a competitive market such as the UK, prices are now escalating, driven by inflation.So, if phone bills are rising has there b...
The internet has fundamentally changed how humans operate. The fact that we can access information and services at the click of our mouse has reduced our willingness to be patient or to wait for responses. If consumers can’t immediately find the information they are looking for on your web page they are likely to surf over to the competition – so ensuring you can combat this growing im...