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The MoneySavingExpert Martin Lewis is back at it again, but this time he is urging the public to buy stamps before the price increase next month.
Speaking on his ITV show The Martin Lewis Money Show earlier this week, he told viewers to ‘stock up’ before prices inflate in the new year.
From January, stamps will see a price increase of 9p for first class stamps and 1p for second class stamp. First class stamps will be 85p instead of 76p and second class stamps will be 66p after going up from 65p.
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Despite stamps only going up 10p when added together, this can add up and Martin Lewis is the first to admit that.
As reported by Birmingham Live, Royal Mail explained the increase in stamps cost by saying: “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.”
Finally from Martin Lewis, he said: “Stock up on stamps now to beat Jan’s up to 14p hike.”
The Martin Lewis Money Show returns to ITV on Thursday, December 17 at 8.30pm on ITV1.
