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- Standard first-class postage will rise 30p to £1.65 – a 22.2% increase
- Fifth price hike in under three years
- Postage rise could lead to a ‘doom spiral of decline’ for Royal Mail
Businesses have warned that Royal Mail’s inflation-busting first-class stamp price hike could ‘herald the end of an affordable postal service’.
Standard first-class postage will rise 30p to £1.65 from today – a 22.2 per cent increase.
The fifth price hike in under three years comes as Royal Mail’s owner International Distribution Service, led by chief executive Martin Seidenberg, is being bought by Daniel Kretinsky.
Concerns: Royal Mail’s owner International Distribution Service, led by chief executive Martin Seidenberg (pictured), is being bought by Daniel Kretinsky
Royal Mail also intends to cut second-class deliveries to every other weekday.
The first-class postage rise could lead to a ‘doom spiral of decline’ for Royal Mail, warned the Greeting Card Association (GCA), which fears a ‘premium, uncapped, unregulated first-class stamp beyond [consumers’] reach’.
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