ThisisBigBrother.com - UK TV Forums - Stamp prices: First-class stamps to cost 60p

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Stamp prices: First-class stamps to cost 60p

http://www.bbc.co.uk/news/business-17522500

Quote:

A first-class stamp will cost 60p from 30 April after the regulator removed price controls on Royal Mail.

A second-class stamp will cost 50p - some 5p below the top price allowed under the changes made by Ofcom.

The regulator has allowed Royal Mail to set the price of first-class and business mail, claiming that the future of the universal service was at "severe risk" without relaxing controls.

A first class stamp currently costs 46p and a second class stamp costs 36p.

Over the next seven years, the price of second-class stamps will be capped at 55p but this limit could rise with inflation each year.

Ofcom said that changes needed to be made to price limits, because the future of the UK's universal, six-day-a-week postal service was "at severe risk" as people switched to using text messages, e-mails, and online messaging.

Royal Mail will now decide exactly how much to charge for stamps.

The changes will mean:

Royal Mail, not the regulator, will set prices on the majority of products, including first-class and business mail

Second-class stamps must not be charged at more than 55p. This limit will rise in line with the Consumer Prices Index (CPI) measure of inflation for each of the next seven years

Small parcels and large letters weighing up to 2kg sent second class will also eventually have a price cap, but not in 2012-13

There will be some control of what Royal Mail can charge competitors to access its network

Royal Mail delivered 16 billion letters to around 28 million addresses last year. However, since 2006, there has been a 25% decline in postal volumes with further falls expected.

Royal Mail's letters business made a loss of £120m in 2010-11.

With a price hike like that, "further falls in postal volumes" are as sure as day follows night ..... :idc:

Yes I am buying bundles before the new Price is in.

Feel The Force.

Quote:

Originally Posted by arista (Post 5043865)

Yes I am buying bundles before the new Price is in.

Feel The Force.

you have good ideal :suspect:

People still send letters in this day and age?

Quote:

Originally Posted by Jordan. (Post 5043883)

People still send letters in this day and age?

yes the age of HD :suspect:

probably packages more then letters

Buy 1st class now at 14p cheaper in Bulk
60p on 30 march 30% Rise
and the 1st class remains the same even if it goes
up and up and up.

1st class Gold stick on bundles.

83p is the 1st class France rate
75p is the 1st class Germany rate

So even with the increase we are still good value.

And if you want to save 14p increase buy before the 30th.
the stamps 1st class remain legal forever

Price Data: Ch4News Live

Quote:

Originally Posted by arista (Post 5044584)

Buy 1st class now at 14p cheaper in Bulk
60p on 30 march 30% Rise
and the 1st class remains the same even if it goes
up and up and up.

1st class Gold stick on bundles.

no use email

sign of the time :dance:

Bought a couple of books of 1st class and one of 2nd class today.

I don't use them often but worthwhile having some cheaper ones for when I do.