Royal Mail to hike price of stamps by 3p next month

Royal Mail to hike price of stamps by 3p next month

ROYAL Mail is hiking the cost of posting a letter by up to 3p.
The price of a First Class stamp is to increase by 3p to 70p and a Second Class stamp will go up by 3p to 61p, the delivery service has announced.
Alamy Royal Mail is hiking the price of First and Second class stamps
The Royal Mail said that it considered the price hike “very carefully” but believed they are “necessary to help endure the sustainability of the Universal Postal Service.”
The new price for First and Second Class stamps will come into effect from March 25.
The cost increases are on top of the changes it is making to its redirection service which is announced earlier this year.
From next month, Royal Mail will charge for the number of customers who want their post redirected, rather than on a per-surname basis.
Alamy The price of the Second Class stamp is rising to 61p
In a statement, it said: “Royal Mail understands that many companies and households are finding it hard in the current economic environment.
“As a result, we have considered any pricing changes very carefully and in doing so have sought to minimise any impact on our customers.”
The price hikes are larger than they were last year, where the price of stamps rose by just 2p each.
Last year, the struggling post and parcel firm said it would save just £100million, rather than a forecast £230million.
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Last year, Royal Mail was slammed for failing to mark Brexit on its stamps but still found the time to celebrate owls.

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