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Stamp Prices Have More Than Doubled Since 2006

elizabethelden
27th March 2018, 8:00 AM
  • Stamp prices have gone up again today
  • Posting a letter costs over twice as much as it did in 2006
  • Now more than £1 to post a large letter
  • How much are stamps now?
Stamp costs are going up by 2p today. Image: Getty

From today, the cost posting a letter has gone up, with large letters now costing more than £1 to post.

Although prices have only gone up 2p, this is now over double how much stamps used to cost in 2006.

A first class stamp now costs 67p, and a second class stamp is 58p under the price rises.

However, stamps that were bought before the price rise can still be used, without needing to pay any extra to match the new price of stamps.

Royal Mail said the squeeze on consumer finances was considered when setting the new price.

A spokesperson said, “Royal Mail understands that many companies and households are finding it hard in the current economic environment.

“We have considered any pricing changes very carefully, and in doing so have sought to minimise any impact on our customers.

“These changes have been necessary to help ensure the sustainability of the Universal Postal Service.”

Stamp prices, however, haven’t risen in line with inflation since 1989, when they cost just 20p.

If they had, they would cost 41p, instead of 67p, and a second class stamp would cost 31p, instead of 58p.

As well as stamp prices going other, other bills such as TV licences, Council Tax, and Passports are also going to be more expensive this week.

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