Royal Mail warns stamp prices could rise AGAIN after £120m hit from Rachel Reeves’ Budget...

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Royal Mail warns stamp prices could rise AGAIN after £120m hit from Rachel Reeves’ Budget...
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Royal Mail has warned that its stamp prices could rise again after a £120million hit from the Budget - seeing them almost treble in a decadeMartin Seidenberg, chief exec of International Distribution Services, said: “We are looking at all measures including pricing, parcel cost efficiencies, investment plans, auto- mation and our parcel network.mail and parcels.” The cost of a first class stamps went up by 30p to £1.65 last month, while second class stayed at 85p.

Mr Seidenberg wants the Government to reform its Universal Service Obligation, which includes delivering and collecting mail six days a week.after the package holiday firm boosted its profit expectations as Brits put trips abroad at the top of their spending priorities.Jet2 boss Steve Heapy said: “Even in difficult times the annual overseas holiday remains a highly valued and eagerly anticipated experience — often taking precedence over other discretionary spend.

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