Same, I think it actually is less than that. It was like 89p last DD.
Then you get YouTube Music too as bonus, I think of that as the cost of getting Apple Music/Spotify's 1 month worth for an entire year and no ads as bonus. It's really cheap if you think of it that way.
Actually cancelled Spotify this month after trying YT music and it being mostly as good, only been one song I had on Spotify that YT has been unable to play me so far, granted i'm only a few weeks in and there may be more.