Oct 2, 2023
First class stamp price rises to £1.25
The price of a first class stamp has risen to £1.25 from £1.10, the third increase in the space of 18 months. The price of a second class stamp remains unchanged at 75p. Matthew Upton, policy director at Citizens Advice, said Ofcom was "Letting the company get away" with price rises despite its "Poor service". An Ofcom spokesperson said: "Ofcom caps the price of a second class stamp, to make sure an affordable option is always available, especially to support people on lower incomes."However, the postal market is rapidly evolving, as people send fewer letters and receive more parcels. So Royal Mail needs flexibility when setting first class stamp prices, to make sure the universal postal service can continue. In April 2022, the price of a first class stamp increased by 10p to 95p, and then in April this year the price went up to £1.10.
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