After TalkMobile, Vectone has become the second mobile virtual network operator in the UK to launch a £1 pay monthly contract aimed at those running on a tight budget.
The monthly package allows you to talk for up to 30 minutes and send up to 30 texts to any UK network; furthermore, it adds 30MB worth of mobile internet to the bundle.
Users need to be careful though as out of bundle costs can be quite expensive (20p per call minute and 10p per text). Internet is not that expensive though at £1 per day for 500MB data allowance.
Vectone's offer is a 30-day SIM only deal, which means that you can opt out of the contract after only one month. Talkmobile's SIMple offer came with only 25 minutes but 50 texts and no mobile internet.
You can add mobile internet for 26p per day, and Talkmobile allows you to choose between microSIM (to be used on the iPhone 4, the iPhone 5 and the Nokia N9) or a normal SIM card.
Mainstream mobile phone operators have been reluctant to drop their prices so low; the five main networks have hesitated to reduce the price of their SIM only deals below £10 because this might affect their margins too much.