First class stamp price to rise again to 1.35, says Royal Mail

[simmo11]

https://www.google.com/amp/s/www.bbc.co ... 447820.amp

The price of stamps will rise again on 2 April - the fourth increase in two years for the cost of sending a letter first class.

Royal Mail said the price of a first-class stamp would rise by 10p to £1.35 and second-class stamps would increase by 10p to 85p.

It comes after warning by the loss-making firm over the impact of higher costs and lower demand for letters.

On Monday, the BBC revealed the impact of problems with deliveries.

Nick Landon, chief commercial officer at Royal Mail, said: "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 no longer sustainable to maintain a network built for 20 billion letters when we are now only delivering seven billion.

"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."

The company said that adults typically spent less than £7 a year on stamped letters and people now received two letters a week on average. It said the cost of stamps remained below European averages.

Royal Mail, which made a loss of £419m last year, has long-argued prices had to rise due to the lack of reform of the Universal Service Obligation (USO). This requires the company to deliver letters to all 32 million UK addresses six days a week.

Change to the service now seems inevitable, with regulator Ofcom recently setting out options for changes to the service that it says it wants to see publicly debated.

[hans solo]

1ST class price for 2nd class service
Corrupt and fraudulent

[CarryingMGMT]

Laughable

[Jb1969]

Madness in its entirety!

[scoobydo79]

2 letters a week on average?

[Barnacle]

That’ll increase letter volumes. Not.

[chickenwittle]

No shame have they , we are providing the worst service in our history but let’s put the price up anyway.

[derekm]

So putting up the price of stamps will bring in more cash ????? No chance. Just another nail in the coffin for posties

[BenacreNick]

Just who exactly is making these bizarre decisions ?

Everyone and their Uncle can see the need to urgently reduce the price of stamps.

What planet do these idiots live on ?

[enskied]

2 letters a week on average?

I'm with you on this, our area manager was quoting the same figure a few days back. We pointed at the frames rammed to bursting with mail.

[Barnacle]

Just who exactly is making these bizarre decisions ?

Everyone and their Uncle can see the need to urgently reduce the price of stamps.

What planet do these idiots live on ?

Planet Moron. Calculators are banned.

[rubberbond]

Just who exactly is making these bizarre decisions ?

Everyone and their Uncle can see the need to urgently reduce the price of stamps.

What planet do these idiots live on ?

It’s a deliberate strategy to try and force the band of the government, raise prices so no one buys them and lo and behold Royal Mail,declare that letters are down and we nee£ to reduce the service. Hopefully it will backfire.

[hans solo]

Its the dsa they should be targetting not the public
But that would their coporate buddies
All in it together

[yellowbelly]

Its the dsa they should be targetting not the public
But that would their coporate buddies
All in it together

Any idea how much RM charge for a DSA letter?

[Moose67]

They obviously don't want to deliver letters anymore because parcels are more profitable if that's the case why don't they charge for parcel collect instead of giving away for free who the he'll is in charge of this company coco the clown