Royal Mail has announced that the price of a First Class stamp in the UK will increase by £0.01 (US$0.01) to £0.65 (US$0.80) and the price of a Second Class stamp will increase by £0.01 (US$0.01) to £0.56 (US$0.70), with effect from March 27, 2017.
In addition, the price of a Large Letter First Class stamp will rise by £0.02 (US$0.02) to £0.98 (US$1.22) and a Large Letter Second Class stamp will rise by £0.01 (US$0.01) to £0.76 (US$0.94).
The post claims that the increases are necessary to help ensure the sustainability of the universal postal service.
The European average for First Class letters (0-100g) is £0.87 (US$1.08) and the European average for Second Class letters (0-100g) is £0.67 (US$0.83). Royal Mail claims that the UK also has the highest quality of service specification of any major European country.
February 27, 2017