The UK citizens are facing tough times from all sides. Increasing prices of things of daily need like food, oil and luxury products have been heavy on them. Added to their financial discomfort will be the rising amount of phone bills by about 16% in the months to come. It is supposed to be the second increase in phone bills since last October.

In the UK, landline phone users will witness the rise of annual costs to £250. They will pay two times more than what they pay now. The average annual bill has already gone up from the amount £183. Now it is about to increase by 31%.

About 23 million landline customers are paying an average phone bill of £217 every year. The face has turned worse as phone companies have increased landline rental and call costs. According to a recent survey among the landline phone users, only half of the total users are satisfied with the service of their phone companies.

The increasing phone bills are another blow to the UK citizens who are feeling the pinch of rising household expenses. However, the retired homeowners are far away from all these financial worries. Equity release on property is a great relief for them. For detailed information on property equity release, visit therightequityrelease.co.uk.