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In the UK it's still showing as £6/year, or 4,000 points. It's certainly worth it to me at that level, as I got just over 25,000 VIP points over the last year, and bought 4 books and renewed my membership and I still have just over 8,000 points.
It would probably be worth it to me at £12/year, but I do realise that my level of book spend is on the high side.
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