Royal Mail to introduce new stamp guidelines inside weeks – and individuals are fuming

Royal Mail has introduced a hike in stamp costs from April 2024.

While First Class stamps will go up by 10p to £1.35, Second Class stamps can even improve by 10p to 85p. Royal Mail says the brand new costs are nonetheless beneath the European common of £1. 66 for First Class and £1.26 for Second Class.

What’s extra, the common grownup spends lower than £7 a yr on stamps. And individuals now obtain a median of simply two letters per week, studies Birmingham Live.

Nick Landon, chief business officer at Royal Mail, mentioned: “We always consider price changes very carefully, but we face a situation where letter volumes have reduced dramatically over recent years while costs have increased.

“It is not sustainable to keep up a community constructed for 20 billion letters once we are actually solely delivering seven billion. As a results of letter quantity decline, our posties now should stroll greater than thrice as far to ship the identical variety of letters as earlier than, rising the supply prices per letter.”

Despite Royal Mail saying the worth hikes are a needed measure, individuals aren’t pleased that it’s going to price them extra to ship put up.

Financial journalist Paul Lewis mentioned: “A month to buy 1st and 2nd class stamps at current price before they rise to £1.35 to possibly not get there the next day and 85p to definitely not get there the next day. In ten years £2billion paid to shareholders and £27m to two bosses. Something wrong.”

Another mentioned: “Struggling Royal Mail puts first-class stamp up to £1.35. Paying £2billion to shareholders and £27m to two bosses has got to be funded somehow… By us mugs.”

And a 3rd added: “Royal Mail increasing Stamps prices again – First class by 10p to £1.35 and 2nd class by 10p from 75p to 85p! The fourth hike in 2 years from a 3rd class service!!!”

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