Home / Business and Economy / Stamp Prices Soar Again: First Class Now £1.80
Stamp Prices Soar Again: First Class Now £1.80
7 Apr
Summary
- First class stamp price increased by 10p to £1.80 on Tuesday.
- Second class stamp price rose by 4p to 91p.
- Royal Mail missed delivery targets again in the latest quarter.
The price of a first-class stamp has risen by 10p to £1.80, with the new cost taking effect on Tuesday. This increase occurs despite Royal Mail's recent struggles to meet delivery performance targets. Concurrently, the price of a second-class stamp has also been increased, now costing 91p, a rise of 4p.
Royal Mail stated that these price adjustments were made after careful consideration, balancing affordability with the escalating expenses of mail delivery. The company noted a significant decrease in letter volumes over the past two decades, while the number of addresses requiring delivery has grown substantially. The last time Royal Mail achieved its annual target for on-time first-class mail delivery was during the 2019-20 period.
