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UK iPhone 5 prices start at £529

Apple unlocks costs of new handset.

The cheapest UK price for an unlocked iPhone 5 will be £529, Apple has announced.

That cost relates to the basic 16GB model. Larger sizes will naturally cost more.

iPhone 5's 32GB model will set you back £599, while the 64GB model is a whopping £699.

UK phone networks O2, Vodafone and Three will all offer the phone without a monthly contract.

Apple revealed the iPhone 5 during a conference last night. The new model includes a larger 4-inch Retina display, longer battery life and Apple's A6 chip, capable of running "console-quality games".

Online pre-orders will begin from tomorrow - 14th September - or you'll be able to pick one up in person from 8am on 21st September. Bring your credit card!