Price of first class stamps to rise to £1.10 as need for letters declines

From April 3, 2024 the cost of one first class stamp will rise by 15p to £1.10 per stamp

From April 3, 2024 the cost of one first class stamp will rise by 15p to £1.10 per stamp. Second class stamps will jump from seven pence to 75p each. Royal Mail said the rise is needed to ensure "one-price-goes-anywhere Universal Service" remains stable.

"We appreciate that many businesses and households are facing a challenging economic environment and we are committed to keeping our prices affordable," said Nick Landon, chief commercial officer at Royal Mail. Last year, the letter carrier asked the Government to drop their obligated delivery services from six days a week to five for letters. The mail carrier is currently expected to see an dusted operating loss of £350 million to £450 million for the full year, Market Screener reports.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily_Record /  🏆 9. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy Price Guarantee to 'provide support beyond March' says UK GovernmentThere were concerns once the scheme ended the vulnerable could find themselves in financial difficulty due to increases in energy bills
Read more »

First class stamp price to rise above £1Royal Mail says it has to balance price rises against higher costs and fewer letters being posted.
Read more »

Three more Preston Bongo's Bingo dates announced after sell-out April showThe bingo rave phenomenon is returning to Preston this year - and is already in popular demand
Read more »

The cheapest places for a holiday in April, from secret Spanish beaches to budget city breaksEven though the Easter holidays are approaching, the second half of April sees prices fall back down again – and is a great time for a break 🖊️ By SophieLamTravel
Read more »

Glasgow parking fines and on street charges will rise from AprilPenalty charge notices will see a large increase and on street charges are also going up with hikes agreed to help save £49 million.
Read more »

List of bank branches closing in April including Barclays – is yours affected?DOZENS of bank branches are set to close in April – we reveal the full list of locations. Banks and building societies are set to close hundreds of branches this year as customers move toward…
Read more »