Following a wildly popular fire sale price of $99 in the US, HP has slashed the price of its TouchPad tablet to a mere £89 in the UK.

UK retailers such as Dixons are selling the webOS TouchPad tablet at a saving of £260 on the 16GB TouchPad – now selling for £89, down from £350. The 32GB TouchPad will see an even greater saving of £315, with a new price of £115 down from £430.

The 70 percent price cut will be live online this evening, and then in retail stores from tomorrow. It looks like a steal to rival the recent looting in London and other English cities.

As reported previously, HP shocked the tech world by announcing last week that it was scrapping all its existing and planned webOS hardware devices, including the flagship TouchPad tablet - just seven weeks after a launch and much fanfare.

In the US, where retail giant Best Buy has been left with 245,000 excess TouchPads HP slashed prices over the weekend. The 16GB WiFi TouchPad is selling for $99, and the 32GB version is reduced to $149.

The price cut has been so popular that not only has the tablet sold out in many stores but it is rumoured to have overtaken sales of Android tablets such as the Samsung Galaxy Tab 10.1.

Here's the before and after price lists for the UK HP TOuchPad tablets from the online Dixons store.

£89 HP TouchPad UK price cut Before

£89 HP TouchPad UK price cut After

Reports on social networking sites such as Twitter were advising that such retails sites were busckling under the pressure of the rush to buy the previously unloved and unwanted HP tablets by the desperate UK public.