Tommo,
It sounds like the volume pot has gone on the Arcam, which shouldn't be a very difficult or expensive repair: after all, since you've been so generous in other fields
, the least we can do is save you as much as possible! If you should decide to go for new, then have a look at the Cambridge series from Richer Sounds. A couple of years ago, I installed an azur 640a for a friend in his nineties to whom I'd first sold hi-fi in 1978; he was always quite a demanding customer, so the amp was strictly on approval. I made sure than it was run-in before he heard it, and he was chuffed to bits, really loving the overall 'tone' and presentation; you'll need their separate phono pre-amp for your LPs, but the combination is amazing for the money (around £360 for the two). There are less expensive Cambridge amps available, too, but the azur oozes class.
But I'd still check with Arcam and your local hi-fi repair person first...
Ron