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Royal Mail have hiked the price of a first-class stamp by 14 per cent as of today, with the price to send a standard-size a letter by premium post rising from £1.10 to £1.25. It’s the second time that the price of postage has went up this year – with a number of other stamp prices also rising.
Large letters at first-class will now set you back £1.95 instead of £1.60 – while second-class large letters have increased from £1.15 to £1.55 accordingly. However, second-class stamps for normal letters will stay at the same price of 75p.
On its website, Royal Mail has listed a full schedule of the price changes – inclusive of ‘Signed For’ and ‘Special Delivery Guarantee’ services. And the nation’s postal service blames the hikes on increasing cost pressures as well as the universal service obligation – which currently requires letters to be delivered to UK addresses six days a week.
Speaking on the rises, Nick Landon – who is the chief commercial officer for Royal Mail – said: “We understand the economic challenges that many of our customers are currently facing and have considered the price changes very carefully in light of the significant decline in letter volumes.
“Letter volumes have reduced dramatically over recent years, down more than 60% from their peak in 2004/5 and 30% since the pandemic. It is vital that the Universal Service adapts to reflect this new reality.”
Here are Royal Mail’s stamp price changes as of today:
- First-class – Standard £1.10 to £1.25
- First-class – Large £1.60 to £1.95
- Second-class – Standard 75p
- Second-class – Standard £1.15 up to £1.55
You can find all of the price changes here.
