Sony is to cut the PSP Go's recommended retail price by £65 in the UK.
The portable will be available for £159.99 from November 1, compared to its previous price of £225, the firm has confirmed to CVG.
Sony said earlier today that the system's price would be dropped from $249 to $199 in the States and from 26,800 yen to 16,800 yen in Japan.
In August, Mortal Kombat executive producer Shaun Himmerick revealed that the studio had received a PSP2 unit.
Although Sony hasn't confirmed the existence of the follow up to the PSP, it has reportedly informed developers and publishers that PSP2 will launch at the end of next year.