Martin Lewis on one cheap household item to stockpile before New Year

Money Saving Expert Martin Lewis has urged Brits to stock up on stamps in another word of advice to savvy savers.

While he normally encourages viewers of his popular show to buy only what they need, he is now encouraging people to buy more to save some serious cash in the long-term.

Martin’s latest advice suggests just that, as he has warned that in January the price of stamps is about to increase.

According to the Manchester Evening News, the price of a first class stamp is rising by 9p from January, from 76p to 85p, while a second class stamp is going up by 1p, from 65p to 66p.

That means a book of 12 First Class stamps will rise in price from £9.12 to £10.20. Buying them now will save you more than £1 a book.

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Speaking on ITV’s The Martin Lewis Money show on Thursday, he advised: “Stock up on stamps NOW to beat Jan’s up to 14p hike.”

Royal Mail said the changes were in response to fewer people sending letters and the massive losses it had suffered during the coronavirus pandemic.

They said: “The reduction in letter volumes has had a significant impact on the finances of the universal service which lost £180million in the first half of the year.

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“This demonstrates the need for change in the universal service.

“We are working tirelessly to deliver the most comprehensive service we can in difficult circumstances as the coronavirus pandemic continues to impact our operation.”