The phrase 'net neutrality' has exploded in usage in recent years with fierce arguments for and against the principle making headlines.

The term - coined by Columbia University professor Tim Wu in 2003 - refers to the concept that internet service providers (ISP) should treat all data on the internet the same. ISPs should not dictate prices by content, website, user and platform, block certain content or slow down certain services.

Without net neutrality, internet services would be very different. For example, services like video, gaming and social media could be sold as individual internet services, say $9.99 a month for social media access plus $5 a month for video content, rather than just paying your ISP a set amount for internet services as a whole.

It would essentially take on a similar model to Sky and its 'bundles'.

Right now, this matter is an issue for the US only, although concerns are starting to grow in the UK, with some wondering if we'll try to adopt a similar standing on the issue.