Royal Mail has increased the prices of its stamps from today.
The price of a first-class stamp for standard size letters has increased by 15p from £1.10 to £1.25. It's the second time stamp prices have changed in 2023. Other price hikes include first-class stamp for large letters from £1.60 to £1.95, and second-class stamps for large letters increasing from £1.15 to £1.55.Royal Mail has a full list of price changes - which also includes increases to “Signed For” and “Special Delivery Guarantee” services - on its website.
Nick Landon, chief commercial officer at Royal Mail said: “We understand the economic challenges that many of our customers are currently facing and have considered the price changes very carefully in light of the significant decline in letter volumes. Letter volumes have reduced dramatically over recent years, down more than 60% from their peak in 2004/5 and 30% since the pandemic. It is vital that the Universal Service adapts to reflect this new reality.
Top Trending Stories Today Those receiving mail sent using non-barcoded stamps will be given a "Fee to Pay"' card telling them they must pay the surcharge. The only stamps you can continue to use are “special stamps” issued to commemorate anniversaries and events, as well as Christmas stamps.
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