Netflix announces major 14% increase in monthly subscription for UK customers

On top of skyrocketing prices for food, petrol, and household bills, Brits will now have to count the pennies even more as Netflix has announced a major price increase.

The streaming service, which hosts a range of popular shows including Stranger Things, Ricky Gervais' After Life, Bridgerton, and Inventing Anna, has justified the increase by saying it will allow the service to "continue investing in best in class UK productions".

All subscription levels will be affected, with the premium tier going up by £2 to £15.99 per month.

Meanwhile, the basic and standard plans will be hit by £1 monthly increases, going up to £6.99 and £10.99 respectively.

That means even someone on the basic price tier could be paying more than £100 per year for the service.

In a statement, a Netflix spokesperson explained their reasoning for the price increase: "We have always been focused on providing our members both quality and clear value for their membership.

"Our updated prices reflect the investment we have made in our service and catalogue, and will allow us to continue making the series, documentaries and films our members love as well as investing in talent and the creative industry."

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The price change will be made immediate for all new members, whilst existing members will be told about the price increase 30 days before their next bill is due, depending on their specific billing date.

The increase follows a similar price hike in the US.

Netflix subscribers across the pond weren't best pleased, with some even threatening to quit the service.

"Netflix got one more price raise before I dust off my VCR," said one Twitter user.

"Netflix raises their price more often than they release a good new show," wrote another.

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