Stamps rocketing in price to 60p and 50p
UPDATE: Since Mof penned this story, it has been announced that a first class stamp is going up to 60p and a second class stamp will cost 50p from April 30th. OOOF!!!
Hardly anyone in the Western world sends letters anymore, thanks to the advent of email and social networking. However, sometimes, sending something by snail-mail is unavoidable. The next time you fire a package off to nana, you'll inevitably find you're paying more than you're used to.
That's because price controls on first-class stamps will be withdrawn by Ofcom and when people allow businesses to work out their own prices, they rarely make things cheaper.
Ofcom said Royal Mail would be given freedom to set its own prices for first-class and most business mail. That said, the price of second-class stamps will be capped at 55p but that could rise because there's nothing anyone can do about inflation.
If you didn't know, a first class stamp currently costs 46p and a second class stamp costs 36p.
In the next 10 years, we suspect that the price of a first-class stamp will probably by £3,000 and a second-classer will be around £1,800.29. We've based this on little more than a gloomy disposition.