Today, Royal Mail announced price changes that will go into effect March 25.
From 25 March, the price of a 1st Class stamp will increase by 3p to 70p and the price of a 2nd Class stamp will increase by 3p to 61p. These changes are necessary to help ensure the sustainability of the Universal Postal Service.
Royal Mail said its stamp prices are among the best value in Europe when compared to other postal operators.
According to Royal Mail research, the European average for 1st Class letters (0-100g) is 99p. The UK 1st Class stamp price comes in at below this price.
The European average for 2nd Class letters (0-100g) is 77p The UK 2nd Class stamp price remains below this.
Royal Mail further claims the UK also has one of the highest quality of service specifications of any major European country.
“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.”
Royal Mail Statement
Royal Mail is also reminding customers it is changing the pricing structure of its Redirection service.
From March 25, it will base pricing on the number of applicants rather than on a per-surname basis to be more reflective of modern society.
To learn more about the price increases among all Royal Mail products and customer groups, please visit this link here.