PlayStation Plus saw a price hike in the US ($50 to $60 for one-year memberships, $18 to $25 for three-month memberships) back in September, and now it’s Europe’s turn. In terms of the UK, the changes appear similar (the annual price goes up by 25 percent, from 39.99 to 49.99 GBP, while the quarterly price goes up from 14.99 to 19.99 GBP), but the monthly plan is also increasing from 5.99 to 6.99 GBP. This will go into effect on August 31.
Sony said it will automatically alter the price of a Plus membership from 31st August, so if you’re an existing member, all recurring subscription fees payable by you on or after 31st August will be charged at the new price. This also means that up until 31st August, you can buy a subscription at the current price, which will then be stacked on your current membership period. A PlayStation Plus subscription is required for online gaming on PlayStation consoles, but it also nets you a number of free-to-download games each month.
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Source: [H]ardOCP – PlayStation Plus Price Hike Announced for Europe