A price jump of 22% is just around the corner
On October 2, first-class stamp prices will increase by 14% for standard-sized letters from £1.10 to £1.25 while first-class stamps for large letters will go from £1.60 to £1.95, an increase of 22%.
Royal Mail said the increase is due to cost pressures and the universal service obligation, which currently requires it to deliver letters to all UK addresses six days a week. The postal service said: "The cost of delivering an ever-decreasing number of letters to an ever-growing number of households six days a week is unsustainable."
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