Martin Lewis has called on Britons to stock up their stamps before prices increase in just a few days. Royal Mail has said that the price of standard first class stamps will increase from £1.10 to $1.25, while the price of large letters is increasing from $1.60 to $1.95. The price of a second-class stamp for large letters is also going up - from £1.15 to £1.55, which is the second time the price of second-class stamps has gone up this year. Martin Lewis, the chair of MoneySavingExpert.com, said: ve suggested people stock up and bulk-buy in advance, as provided the stamp doesn't have a price on it and instead just says the postage class, it's still valid after the hike.
So you may as well stock up now, even if it's just for Christmas cards for the next few Christmases. Royal Mail's products and services will remain at the cost of standard second-class stamps at 75p, while the cost of standard second-class stamps will increase.
Royal Mail's chief commercial officer, Nick Landon, said letter volumes have reduced significantly over the past few years, down more than 60 percent from their peak in 2004/5 and 30 percent since the pandemic. It is essential that the Universal Service adapts to reflect this new reality. Royal Mail recently replaced traditional stamps with news ones that have barcodes to enable the sender to scan the parcel.