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Vodafone Increasing Their Prices

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This one really gets on my goat.

 

I signed up to a two year contract with Vodafone last year at £20pm. I've just been sent a text by them informing me the price will increase by 2.5%.

I'm pretty happy with Vodaphone but then I was happy with O2, Plusnet and GiffGaff as well. It's the whole principle that gets me. If I lost my job and wanted to cancel they would be telling me I signed a contract and must stick to that but they seem to forget the contract when it works in their favour.

 

Do I have to accept their increase?

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Thanks.

 

Is there a cut off rate I can freely move at? 

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