Royal Mail hikes stamp prices again with huge change on April 7 | UK | News
Stamp prices are set to rise again in April, Royal Mail has announced, marking the sixth price hike in three years. The cost of a first-class stamp will climb to £1.70, a 5p increase, while second-class stamps will be 87p, a 2p rise, when the changes come into effect on April 7. Royal Mail, which was fined £10.5 million by regulators for failing to meet its delivery targets last year, said the spiralling prices are because of the “increasing cost of delivering mail”. The hike means first-class stamps will have more than doubled in price in the last five years, having cost 76p in 2020. In that time since 2019-2020, Royal Mail hasn’t met its annual target for delivering first-class post on time once. Tom MacInnes, director of policy at Citizens Advice, said the price increase is “yet another blow” as “millions of people face post delays every year” while prices continue to climb. MacInnes added: “Royal Mail hasn’t met an annual delivery target for five years, but consumers will pay 124% more for a first-class stamp, …
