1 week Ago By [email protected] (Alycia McNamara, Cait Findlay)
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More info × Group 28 Thank you for subscribing! We have more newsletters Show Me No thanks, close See our Privacy Notice Martin Lewis has recommended that Brits stockpile a household staple before the price goes up in April. Stamps, while often overlooked, are essential for those times when you need to send a letter or card. But with stamp prices on the rise, the Money Saving Expert advises buying some now before the new rates take effect.
From April 7, the cost of a standard first-class stamp is set to climb from £1.65 to £1.70, while a large first-class stamp will see a substantial increase from £2.
60 to £3.15. A standard second-class stamp will go up by 2p from 85p to 87p; however, the price of a large second-class stamp will remain at £1.
55. The ongoing price surge isn't just limited to stamps, as Royal Mail has announced hikes across various other services, including "signed for" and "tracked". Yet, buying stamps in bulk now allows consumers to lock in their purchases at the current, lower rate before it escalates, reports the Express .
Mr Lewis said: "For years, every time stamps go up in price I'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 rise. "This has been an effective tactic, as a first-class letter stamp is now £1.65, soon rising to £1.
70 – in 2012 it was just 60p. So while it's not a huge saving this time, you still may as well stock up now." The upward pricing adjustment, as per Royal Mail, reflects the decreasing volume of letters being delivered.
Nick Landon, Royal Mail's chief commercial officer, commented: "We always consider price changes very carefully but the cost of delivering mail continues to increase. A complex and extensive network of trucks, planes and 85,000 posties is needed to ensure we can deliver across the country for just 87p." This comes after Ofcom's January proposal for Royal Mail to limit second-class letter deliveries to every other weekday, excluding Saturdays, in a bid to secure the UK postal industry's future.
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