Microsoft to hike many UK prices on pound plunge

Microsoft plans to increase prices for some enterprise services by up to 22% in Britain following the plunge in the pound, likely hitting thousands of companies and government departments who rely on its cloud and software products.

Microsoft said it would increase prices for its enterprise software by 13% and for its cloud services by 22% from January, becoming the latest technology company to raise fees in the wake of the vote to leave the EU.

Britain’s shock vote on June 23 triggered the biggest one-day fall in sterling against the dollar and the pound is now down 18% against the US currency, prompting computer makers such as Apple, Dell and others to increase prices in Britain.