Royal Mail announced last week a price increase for stamps. These new prices come into effect on 29th March, 2016. Royal Mail has carefully considered the impact on their customers before deciding to increase the cost of stamped letter prices. Royal Mail believe these changes are necessary to help ensure the sustainability of the Universal Postal Service.
From 29th March the price of a First Class stamp will increase by 1p to 64p and the price of a Second Class stamp will increase by 1p to 55p.The price of a Large Letter First Class and Second Class stamps up to 100g will also rise by 1p.
Royal Mail’s stamp prices are among the best value in Europe1. The European average for First Class letters up to 100g is 78p. The UK First Class stamp price remains well below this. The European average for Second Class letters, up to 100g, is 64p; the UK Second Class stamp price remains well below this. The UK also has the highest quality specification of any major European country2.
Royal Mail will announce further changes to their franking and account channel prices shortly.
For all the latest information on Royal Mail prices visit www.royalmail.com/prices2016
1 Survey based on OECD and Eurostat annual Purchasing Power Parity exchange rates for GDP January 2016 for each country using UK volume weights to provide a common currency average stamp letter price for items up to 100g.
2 Germany, France, Spain and Italy