1. Home
  2. Chat
  3. Royal Mail to Raise Price of Stamps to Offset Losses

Royal Mail to Raise Price of Stamps to Offset Losses

In the News

Royal Mail has said it will increase the price of first-class and second-class stamps.

The postal firm said the price of a first-class stamp would jump 6p to 76p and the price of a second-class stamp would rise 4p to 65p from 23 March.

It said the price increases were necessary to ensure the sustainability of its universal service.

https://www.theguardian.com/business/2020/feb/21/royal-mail-to-raise-price-of-stamps-to-offset-losses

Mareean
1 month ago
What do you think of this?
WindowShopper
WindowShopper1 month ago

I hate them so much 😡😡😡 these prices kill small businesses.

Like
Reply
4
PhilipMarc
PhilipMarc1 month ago

There's always Parcel2Go which you can get cashback via TCB.

Like
Reply
2
garygemmell
garygemmell1 month ago

PhilipMarc Yeah i use p2go they are actually cheaper than Myhermes but actually use Myhermes lol

I frequently underwiegh my parcels and they get posted anyway.

Yes I am a bad man they dont call me the fiddle diddler for nothing lol

Like
Reply
BonzoBanana
BonzoBanana1 month ago

Perfectly understandable when so much communication is electronic nowadays. I must admit I use hermes a lot of the time to save money but the letter post service is still good value I think for smaller packets. I never understood why they opened up the mail system to other companies, you lose some of the efficiency of scale and with electronic communication it was going to be a service reducing in volume anyway. The royal mail was actually delivery a high value service at the time it wasn't like the train network which was grossly uncompetitive and unreliable. So now we have to pay more for the letter post service as their other courier services don't generate the profit they used to as other competitors have taken a large slice of this more profitable business so they can no longer subsidise the letter post service. No doubt the next price rise isn't far away.

Like
Reply
2
PhilipMarc
PhilipMarc1 month ago

I already noticed they increased the price of 1st Class Signed and/or 2nd Class Normal either by 10p/20p.

1st Class Signed was £3.90, now £4. 2nd Class Normal was £2.80, now £3.

That small bump makes those prices less appealing, but sometimes they're still cheaper than Parcel2Go.

Like
Reply
1
Username50108
Username501081 month ago

I have no problems with the rise at all and have never had an issue with their service. Considering you can get a letter from John O Groats to Lands End within 12 hours with first class all for 76p at the new price, then that's bloody good. I work for a small business and would choose them over other courier services any day, they're reliable, cheap and don't play football with our items. Everyone needs to make a profit and with fuel increases the cost needs to be offset somewhere

Like
Reply
1
Mango4
Mango41 month ago

I tend to agree with you on this one, the cost of posting a letter is still cheap even at the new prices, when you consider what must be involved in getting a letter across the country and then delivered to someones door.

Like
Reply
1
angemski
angemski1 month ago

I agree with you on some of the points you've made - it's just a shame that their increased letter stamp rate will reduce the card sending for many people at Christmas. I was discussing this yesterday and realised that it would cost approx £30 to send cards this year and that's without the cards. (will only be sending to the 'mature' contacts that would be offended if missed) I suppose this increase is the only way to ensure your parcel isn't thrown over a wall or signed for without your knowledge.

Like
Reply
1
davidstockport
davidstockport1 month ago

If any shop or any other business was to increase prices because their profits had dropped, they'd be laughed at. Do the Post Office not realise that the increase can only decrease the use of their services?

Like
Reply
1
KirsteyJames
KirsteyJames1 month ago

I dont think the prices are that bad considering the distance some things travel. Would cost a lot more in petrol and time if you was collect or deliver yourself.

Like
Reply
1
Pjran
Pjran1 month ago

Might be worth buying a few books of stamps. The stamps don’t show the price paid just 1st and 2nd class.

Like
Reply
1
hspexy
hspexy1 month ago

Good luck to them. Every time they hike up the prices, they say it’s necessary to keep them afloat. I have not used them for years - still have loads of stamps I purchased over a decade ago

Like
Reply
1
ACR
ACR1 month ago

Every time Royal Mail put up the price of stamps I look for ways to send less mail by post. I have greatly reduced the number of birthday and Christmas cards I send each year ✉️

Like
Reply
1
AliceBell64468
AliceBell644681 month ago

I thought that they only just recently out their prices up! If I ever post a package I look for an alternative company like myHermes as they are normally good value and are tracked.

Like
Reply
1
garygemmell
garygemmell1 month ago

ROYAL FAIL we call it up here in Scotland.

Last time i posted a first class letter it cost me 14p so this is a bit of a shock for me!

😲

Like
Reply
1
One of the UK's largest deal hunting communities

Join for free to get genuine deals, money saving advice and help from our friendly community

Kelsey, Tom
& Deepak
Founders
Founders of Latest Deals