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Topic: Royal Mail Increase Price of Stamps for the Third Time in a Year
Tom Simpson
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Royal Mail Increase Price of Stamps for the Third Time in a Year
on: March 26, 2024, 20:48

Royal Mail is set to increase stamps from 2nd April – the third price hike in a year.

First-class stamps are set to increase by 10p for standard size letters, from £1.25 to £1.34. For large letters, the increase on first-class stamps will be 15p, from £1.95 to £2.10.

The rise on standard size second-class stamps is slightly less at 10p, going from 75p to 85p. There will be no increase on second-class stamps for large letters, which remain at £1.55.

The move comes after similar price hikes over the past 12 months. In April 2023, Royal Mail increased the price of standard first-class stamps by 16 per cent, and an additional 14 per cent the following October.

This means that they have risen 42 per cent over the past year – a 40p increase from 95p to £1.35.

Royal Mail bosses have justified the move citing issues around industrial action, increased costs and the government-legislated ‘universal service obligation’ it faces to deliver letters six days a week.

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