Royal Mail plans to cut 2nd-class deliveries to save £300m a year
He said: "For years, every time stamps go up in price I've suggested people stock up and bulk-buy in advance, as provided the stamp doesn't have a price on it and instead just says the postage class, it's still valid after the hike.Stamps can also be bought directly from the Royal Mail online shop, but you have to spend £50 to get free delivery.
The company has frozen the cost of second-class stamps at 85p until 2029 in a bid to keep the sending of letters affordable. Royal Mail said letter volumes have fallen from 20billion in 2004/5 to around 6.7billion a year in 2023/4, so the average household now receives four letters a week, compared to 14 a decade ago.
"The universal service must adapt to reflect changing customer preferences and increasing costs so that we can protect the one-price-goes anywhere service, now and in the future."A second-class stamp is priced at 85p and also covers letters up to 100g.Royal Mail has announced a price hike by 22 per cent for first-class stamps, with the cost of second-class stamps remaining the same.
Lindsey Fussell, Ofcom's group director for networks and communications, said: "If we decide to propose changes to the universal service next year, we want to make sure we achieve the best outcome for consumers.
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