Martin Lewis urges people to stock up on common household item before January price hike

Martin Lewis has urged Brits to stock up on stamps to beat January price hikes.

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.

Martin said: “Stock up on stamps NOW to beat Jan’s up to 14p hike.”

Royal Mail 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.

“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.”

Martin has his own ITV1 show The Martin Lewis Money Show, which airs each Thursday from 8.30pm.

The Money Saving Expert is also a key contributor to a string of ITV1 daytime TV shows including the likes of Good Morning Britain.

Mr Lewis also routinely features on the likes of Lorraine and This Morning and has become a key source of advice for Brits this year.

The financial guru and consumer champion shares his tricks, tips and hacks via the MSE newsletter each week.

And he also boasts a large social media following, with Twitter and Facebook fans regularly contacting him for advice on a vast array of issues.

Mr Lewis has been sharing his advice on everything from the furlough scheme to getting money off your bills all year.