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Virgin Media customers will see their bills increase by 8.8%, while O2 customers will see the same rise but only on the airtime part of their mobile plan

Virgin Media announced a price increase of 13.8% amid the cost of living crisis. (Photo : ANDREW COWIE/AFP via Getty Images)A Virgin Media sign is displayed above the company's shop on Oxford Street in central London on February 6, 2013.

Around 4.2 million households are eligible for cheaper social tariffs. Yet just 55,000 have so far signed up for these low-cost deals,

Virgin Media customers across the UK could see hikes of as much as £56 a year to their bills in 2022.

Virgin Media customers across the UK could see hikes of as much as £56 a year to their bills in 2022.

Economists predict 2022 will be ‘year of the squeeze’ for UK households

READ MORE If that price cut isnt enough for you, other Virgin Media customers recommend speaking to the retentions team. "That automatic discount is a pittance. I ignored it and told them I was cancelling," bragged one very chuffed Virgin customer on the social media group. "They offered me a better discount that I refused. I went through to cancellation aka customer retention and got a discount of half price." Its worth noting that these discounts will only be available if your current contrac...

Millions of Virgin Media customers will be hit with price hikes of up to £54 a year in the coming months.

Millions of Virgin Media customers will be hit with price hikes of up to £54 a year in the coming months.

Virgin Media users are unhappy about the hike (Image: TWITTER) READ MORE Although this price increase isnt welcome it is worth noting that Virgins prices didnt go up last year with the firm scrapping the usual October hike. Some users will also avoid paying anything extra with Virgin confirming that vulnerable customers – including those on its new Essential broadband package for people receiving Universal Credit, as well as Talk Protected landline customers – will not see their prices chan...