Royal Mail to increase price of first-class stamp by 3p to 70p

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The price of a first-class stamp is to increase by 3p to 70p and a second-class stamp will go up by 3p to 61p, the Royal Mail has announced.

The increases will take effect from March 25 and will help ensure the sustainability of the universal postal service, the company said.

Royal Mail said it had reviewed the changes “very carefully” while seeking to minimise any impact on customers.

Stamp prices in the UK rate among the best value in Europe, the company added.