Microsoft plans to hike UK pricing by 13 to 22 percent

In an effort to harmonize its prices across Europe, software giant Microsoft will reportedly increase its prices by up to 22 percent in the United Kingdom due to the sterling's decline after a small majority of voters elected to leave the European Union a couple of months ago.

Microsoft is to increase its prices by as much as 22pc in the UK because of sterling’s recent decline, a rise that is likely to affect thousands of businesses and could cost the Governments tens of millions of pounds.

The software giant is the latest big-name company to force through a post-referendum price rise, saying the move would “harmonise” its prices across Europe.

According to The Telegraph, pricing of Microsoft's enterprise software will increase by 13 percent while fees for cloud services will soar 22 percent.

Since the day of the Brexit vote, June 23, the value of the sterling has fallen by approximately 18 percent versus the US dollar.