You may remember in the past year Royal Mail increased the price of first-class stamps TWICE! The cost of a first class stamp for standard letters went up by 14% in October 2023 (from £1.10 to £1.25) and then rose by a further 8% in April 2024 (to the current £1.35).
Well, from today Monday 7th October 2024, it’s gone up a by a further 22% to an eye watering £1.65 !! Thats a 50% increase in one year. Second class stamps remain at 85p.
Royal Mail blames the latest hikes on increasing cost pressures and its requirement under the ‘universal service obligation’ to deliver letters to all UK addresses six days a week. It adds that the number of addresses it delivers to rose by four million between 2004/05 and 2023/24.
The cost of many of Royal Mail’s ‘Signed For’, ‘Special Delivery Guaranteed’ and ‘Tracked’ services will also increase from Monday 7 October, as will the cost of sending parcels by first and second class.
