You can get a FREE Xbox 2 upgrade with Microsoft’s new console subscription starting from today

"We realise buying a console is an investment and some players are waiting to make the jump to the next generation with Project Scarlett when it launches in Holiday 2020 alongside 'Halo Infinite'," said Microsoft's Jeff Gattis.

"This is why as a limited time offer this holiday season, players in the U.S. and U.K. who purchase an Xbox One X with Xbox All Access through December 31, 2019, have the option to upgrade to the next Xbox console in as few as 12 months and once Project Scarlett has officially launched."

You'll also have to trade in your old console as part of the deal.

There are three different tiers of Xbox All Access in the UK.

The cheapest is £17.99 a month and gets you an Xbox One S with no disc tray, plus £24 months of Game Pass Ultimate.

A £19.99 option includes the disc-tray version of the Xbox One S, but is otherwise identical.

And for £24.99 a month, you can get the Xbox One X – as well as an Xbox 2 upgrade next year.

None of the plans require an upfront fee, and they all run for 24 months.

You'll also need to pass a credit check to access the finance, so not everyone will be eligible.

Of course, Microsoft still hasn't formally unveiled the Xbox 2 so it's impossible to say how good the console will be right now.

But Microsoft's All Access plan gives you a healthy saving on its consoles, so the deals are worth bagging anyway.