Published on February 25th, 2017 | by Michelle Roper-Shaw
Stamp Price Increase Announced
Royal Mail has announced a stamp price increase of 1p which will take affect from 27th March 2017.
The 1p price rise applies to first and second class stamps. A standard First Class Stamp will be 65p and a Second Class Stamp will be 56p. The price of a Large Letter First Class Stamp is to rise by 2p to 98p and the Large Letter Second Class stamp will rise by 1p to 76p.
A press release from Royal Mail yesterday states:
“Royal Mail understands how hard it is for many companies and households in the current economic environment. For that reason, we have considered any pricing changes very carefully and have sought to minimise any impact on our customers.
From 27 March, the price of a First Class stamp will increase by 1p to 65p and the price of a Second Class stamp will increase by 1p to 56p. These increases are necessary to help ensure the sustainability of the Universal Postal Service. In addition, the price of a Large Letter First Class stamp will rise by 2p to 98p; a Large Letter Second Class stamp will rise by 1p to 76p.”
Despite the increase, Royal Mail state that UK stamps still provide good value for money when compared with the rest of Europe. On the continent, the price for the average First Class stamp is 87p and the Second Class is 67p.
The UK also boasts the highest quality of service specification compared to Germany, France, Spain and Italy.