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Strange renewal fees

So my One year is up on my Live Safe and Mcafee have offered a very discounted price of £59.99 instead of £89.99... a very quick search will find Live Safe at Argos for the lower price of... £37.99 (reduced by £2.00)

Am I missing something here or does Mcafee just expect a renewal without checking prices?

Not sure what to expect as a reply really... just the brain wandering