The key price rises are as follows:

Line rental: Will increase by £1/month, from £14.99 to £15.99.

Broadband and line rental bundles: Will increase by £2/month.

Local geographic calls outside of call plans: Will increase from 9.94p/minute to 10.60p/minute.

From 25 November Virgin Media's line rental saver, which allows customers to pay upfront for a year's line rental at a discounted price of £120, saving £60/year compared to its standard line rental, will also increase to £128.

Virgin Media says you have 30 days from receiving a letter or email informing you of the price rises to tell it you want to leave your contract – in which case, you'll be able to do so penalty-free.