O2 is reported to be planning a price cut for the iPhone in the UK, following on from a much larger cut in the retail price in Germany last week. The trade magazine, Mobile Today reports that the price of the 8GB model will be cut from £269 to £169 (US$333), which puts the UK price below the retail cost in the USA. It was not reported if the 16GB model, which currently sells for £329 would be …