Stamps soon hitting the £1 mark
The Save Our Royal Mail campaigners have claimed, in the face of the expected sell-off of the Royal Mail, that the price of a first class stamp is going to spike as their VAT-free status is likely to vanish.
That means, in real money, first class postage is going to be pushing a quid before you know it.
Tory MP, Brian Binley, who oversees the work of Royal Mail said: "Before the Government rushes into selling off Royal Mail, it is essential to ensure that the services currently enjoyed by the public, can be guaranteed. This should include a very careful look at how future price rises will adversely affect businesses."
A Business, Innovations and Skills spokesman added: "Royal Mail will continue to be the designated universal service provider regardless of its ownership. An ownership change would not, therefore, trigger a change in the current VAT exemption which applies to first and second class stamps as part of the one price, anywhere service."
While this initially seems like an absolute joke, is it actually that bad a thing? In a climate that sees most people sending texts and emails or messages through social media, should we actually care how much it is to send a letter? Of course, there are elderly people who rely on the postal service, but you cheapskates should be buying nana a book of stamps so she can stay in touch, right?
Is the Royal Mail effectively a spent force which is going to have to become a company like UPS, dealing only in competitive package-sending rates?