Newspaper article The Journal (Newcastle, England)

Royal Mail Stamp Prices Come into Force

Newspaper article The Journal (Newcastle, England)

Royal Mail Stamp Prices Come into Force

Article excerpt

HIGHER stamp prices come into force today, with first class increasing by 2p to 62p and second class by 3p to 53p.

The now-privatised Royal Mail said it had "thought carefully" about the impact on customers and its business before announcing the decision last month, pointing out that the last rise was two years ago.

Royal Mail's said its prices remained amongst the best value for money in Europe, as well as the company having the highest service specification of any major European country.

The postal group said that under the regulatory framework, it could have increased second class stamps to 57p, adding that its prices were among the best value in Europe, where the average for a first class letter is 67p and 60p for second class. A large letter first class stamp up to 100g increases by 3p to 93p, while a large second class stamp will go up by 4p to 73p.

Consumer Futures said the 3% rise in first class and 5% increase in second class stamp prices were above the current inflation rate. …

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