Transactor blames Brexit for hosting price rise

Brexit

Transactor has increased the price for its hosting service from 1 January 2017.

The news came in an email sent to its clients and seen by Insurance Age.

The software house explained that the uplift of 10% was due to Microsoft increasing its prices in the UK following sterling's decline since the EU referendum on 23 June.

"Microsoft trade in dollars and have put their prices up by 22% in the UK," Transactor executive chairman Ray Vincent told Insurance Age.

"We trade on a very low margin on

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