Prices go up from Monday, April 3
Anyone who regularly posts letters has been warned that Royal Mail is hiking the cost of stamps from next week. Household finance guru Martin Lewis' website MoneySavingExpert advises people to stock up on stamps by this weekend before prices go up from Monday, April 3.
The increase have been blamed on a "25% drop in letter volumes since the pandemic, increasing costs and the highest inflation rates for a generation" by Royal Mail. It says the increases will help ensure that the 'universal service', which means any letter delivery costs the same regardless of the distance, "remains sustainable".
Royal Mail extended the original deadline of January 31 by six months months to give people more time to adjust. It says: "Mail posted with non-barcoded Definitive stamps after 31 January 2023 will, for the first six months, be delivered as normal - no surcharge will be raised.
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