Vodafone warns of UK price rises and job cuts as inflation bites

Company's 18 million UK mobile customers face 14% rise in mid-contract increases next spring

Vodafone has warned of price rises for UK customers and job cuts as the telecoms company launched a 1bn-plus (879m) cost cutting plan to cope with soaring energy bills and inflation.

It said consumers would have to accept higher bills as it could not cover all its cost increases through a new multi-year cuts plan. It also lowered annual profit guidance in light of a 300m year on year rise in energy costs across the business.