This deal is getting a crazy amount of heat over on HotUKDeals, and rightly so. Essentially, you can grab the 16GB iPhone 5 in black for £398.44 (RRP £530). Sold by Business Mobiles, fulfilled by Amazon.
Check out our iPhone 5 specs page.
Locked to T-Mobile/Orange/EE.
(Thanks to timarli at HUKD)