Why, when the letter about my increased charge says that the increase will be 3.7%, is the figure quoted as £2.76 per month when 3.7% of what I'm paying works out at £1.335 per month?
It's not 3.7%. the increase is inflation PLUS 3.7%.
The increase is 7.7% I think.
Also it's not going to work out exactly due to the way VAT is applied.
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