Feb 21, 2020

First class stamps to rise 6p to 76p

The Royal Mail is increasing the cost of postage, with first-class stamps rising 6p to 76p and second-class up 4p to 65p. Prices will climb from 23 March, less than a year after they were hiked to their current levels. The 65p second-class stamp is the maximum under an Ofcom price cap. "These changes are necessary to help ensure the sustainability of the one-price-goes-anywhere Universal Service," Royal Mail said. Stephen Agar, managing director of letters at Royal Mail said: "We are operating in a tough market at present, under the threat of making a loss by 2021. These price increases will help us maintain the quality of service that is expected by our customers,". "As a result, we have considered any pricing changes very carefully and in doing so have sought to minimise any impact on our customers."

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