Lego is set to increase its prices in the UK next year owing to the collapse in the value of sterling since the Brexit vote.

The Danish toy company will increase the prices it charges British retailers by an average of 5% staring from New Year’s Day.

It will be up to retailers to decide how much, if any, of that increase to pass on to consumers.

A Lego spokesperson said: “As communicated to our retailers, The LEGO Group will raise prices in the UK, due to currency fluctuations”.

The toy company is the latest FMCG company to warn of price rises.

The issue first reared its head when Tesco rowed with Unilver over proposed 10% price hikes in October and continued, with Nestlé, Apple and Microsoft all warning of price increases.

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