Royal Mail to hike postage stamp prices in March

Household money

Updated on 03 March 2015 | 3 Comments

Cost of first- and second-class stamps going up by 1p.

Royal Mail has announced it’s hiking the cost of postage stamps by 1p at the end of March.

From 30th March the price of a first-class stamp will rise to 63p and the price of a second-class stamp will go up from 53p to 54p.

For bigger items the price of a large letter first-class stamp up to 100g will rise by 2p to 95p and the price of a large letter second-class stamp up to 100g will go up by 1p to 74p.

Royal Mail defended the increases saying its prices remain among the best value in Europe.

It says the European average cost for sending first-class letters up to 100g is 72p while the average for second-class letters up to 100g is 62p.

Better news for parcels

Royal Mail is also simplifying and cutting the cost of sending parcels.

From 30th March the cost of sending a second-class medium parcel weighing up to 2kg will be £4.89 – a saving of £3.11

Currently a second-class medium parcel weighing up to 1kg costs £5.20 and one weighing between 1-2kgs costs £8 to send.

Prices for second-class small parcels up to 2kg will remain at the single price of £2.80 following the popularity of the Royal Mail’s Christmas promotion.

You can find out more about Royal Mail postage prices at its website.

Keep track of your everyday spending with our free, secure Track app

More on household money:

Nuisance cold call firms to face tougher fines

Sainsbury’s offers petrol for less than £1 a litre

Vue extends two-for-one EE and Orange Wednesdays offer

Comments

Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number (FRN): 479153.

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom. loveMONEY.com Limited operates under the trading name of loveMONEY.com Financial Services Limited. We operate as a credit broker for consumer credit and do not lend directly. Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards. While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.