The finance expert has spoken on the price hike of stamps, which he believes will rise further.
The savings guru has spoken on stamp price hikes on Money Saving Expert, his financial website and consumer blog. As of now, first class stamps cost £1.25 each and Martin expects this to increase further and that any purchased now will still be usable after rises.
As reported by Birmingham Live, the BBC Sounds podcast host and ITV regular then went on and added: "This has been an effective tactic, as a first-class letter stamp is now £1.25, soon to be rising to £1.35 – in 2012 it was just 60p. So you may as well stock up now." It's the third time the price of standard-letter size first-class stamps has been hiked within a year. Nick Landon, chief commercial officer at Royal Mail, said: "We face a situation where letter volumes have reduced dramatically over recent years, while costs have increased.
He added: "As a result of letter volume decline, our posties now have to walk more than three times as far to deliver the same number of letters as before, increasing the delivery costs per letter."
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