Royal Mail announces price hikes for stamps

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Royal Mail has announced that the price of a First Class stamp in the UK will increase by £0.01 (US$0.01) to £0.65 (US$0.80) and the price of a Second Class stamp will increase by £0.01 (US$0.01) to £0.56 (US$0.70), with effect from March 27, 2017.

In addition, the price of a Large Letter First Class stamp will rise by £0.02 (US$0.02) to £0.98 (US$1.22) and a Large Letter Second Class stamp will rise by £0.01 (US$0.01) to £0.76 (US$0.94).

The post claims that the increases are necessary to help ensure the sustainability of the universal postal service.

The European average for First Class letters (0-100g) is £0.87 (US$1.08) and the European average for Second Class letters (0-100g) is £0.67 (US$0.83). Royal Mail claims that the UK also has the highest quality of service specification of any major European country.

February 27, 2017

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Dan originally joined Parcel and Postal Technology International in 2014 having spent the early years of his career in the recruitment industry. As online editor, he now produces daily content for the website and supports the editor with the publication of each exciting new issue. When he’s not reporting on the latest technological developments, Dan can be found on the golf course or apprehensively planning his next DIY project.

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