Summary
The cost of a first class stamp in the UK has increased to £1.80, a rise of 10p, while second class stamps are now 91p, up by 4p. Royal Mail cites decreased letter volumes and rising costs as reasons for the price hike, despite criticism over not meeting delivery targets and recent complaints from the public and government.
Key Facts
- First class stamp price increased to £1.80, up by 10p.
- Second class stamp now costs 91p, a rise of 4p.
- Royal Mail says the increase is due to fewer letters being sent and more addresses to deliver to.
- Only 77% of first class letters reach their destination within the targeted time, below the 93% goal.
- This is the eighth time stamp prices have risen in five years.
- Royal Mail is under scrutiny for its delivery service performance, with complaints from MPs and the public.
- Energy costs, linked to the situation in the Middle East, have resulted in increased fuel surcharges for business accounts.
- Ten years ago, the cost of a first class stamp was 64p.
