Royal Mail price hike: First-Class stamp up to 60p
From 30th April, Royal Mail will increase the price of postage on a range of services including first-class and second-class stamps. First-class will rise from 46p to 60p and second class is set to increase to 50p from 36p.
The 30% first-class increase, and 39% for second-class, are the
the biggest annual hikes in percentage terms since 1975. Ten years ago, a first-class stamp cost 27p, and a second-class cost 19p. Since 2006, mail volumes have declined 25%.
Here are some of the key increases:
- First-class stamp for a standard letter: from 46p to 60p
- Second-class stamp for a standard letter: from 36p to 50p.
- First-class for a large letter up to 100g: from 75p to 90p.
- Second-class large letter up to 100g: 58p to 69p.
Other services, including parcels, franked mail, recorded post, redirection services and PO Box will also be increased. Royal Mail have published complete details on their website here.
What will this mean for your ecommerce business? Obviously, buyers shoulder most of the costs of postage but any price rise is clearly not a good thing.
Royal Mail previously announced business tariff postal price increases which come into effect from the 2nd April