I had to get a couple of appliances repaired recently. The handy man charges a minimum of 50 GBP per hour. Established and organized business charge upwards of 100 as a call-out charge alone (parts extra). If it's a non-trivial electronic repair, the spare would cost 150+ (and they're allowed to mark up prices as they please). Now add all that up, and a sweet 20% VAT on top, and voila, that's nearly how much a new one costs, plus it comes with n years of warranty; even better, I get the opportunity buy extended warranty. What I didn't mention is the waiting time for someone to visit in the first place.
Essentially, it's economical and sensible to get at most one repair on an appliance done. If it's an appliance on which you depend daily, you might not be in a position to wait to get it repaired.
Solution: get a new one. Nearly same cost; no wait; new features. Plus, they'll also take away your old one, and may even give you a discount.
Summary: I'm skeptical this changes anything.