(Pocket-lint) - From February 2021 a Premium Netflix subscription will increase from £11.99 to £13.99 - a £2 bump per month, equating to £24 a year more on your annual bill. This will only affect the Premium plan - i.e. 4K Ultra-HD quality with HDR (high dynamic range), plus the ability to download some titles - while the Standard plan (Full HD for up to two screens at a time) remains at £9.99 a month, and the Basic plan (720p for one screen) continues at £5.99 a month. Netflix's justification for this price hike is more investment. The company is projected to spend $19 billion over the course of 2021 - which is an extra $2 billion more than in 2020 - to bring more shows, in the utmost quality, to your streaming service screens. The company had already bumped the prices in the USA, where a Premium plan is $17.99 and a Standard plan is $13.99.