Stamps rocketing in price to 60p and 50p

27 March 2012

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!!!

039stamp_468x541Hardly 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That's because price controls on first-class stamps will be withdrawn by Ofcom and when people allow businesses to work out their own prices, they rarely make things cheaper.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.

[BBC]

TOPICS:   High Street News

12 comments

  • The h.
    Time to stock up on stamps methinks.
  • Tom
    1. The prices raising are to cover the hole in the Royal Mail pension scheme. The people responsible for mis-managing this should be prosecuted rather than being able to get away with pushing up prices. 2. Together with the VAT channel island loophole closure you can bet all your DVD game etc prices from Play et al will rise a decent amount. 3. You can bet the postage allowance for selling on Play/Amazon marketplace etc won't rise as quickly.
  • C. A.
    And no cap makes it a much more attractive business to investors when they privatise next year
  • Idi A.
    Looks like I'll be sending more emails and up/downloading more then.
  • great s.
    This is what happens with unfair competition. Big (foreign owned) delivery firms cherry pick profitable business post without having to employ thousands of postmen. The bosses & shareholders (inc. govt cronies) get richer; us poor bastards have to pay the price. Royal Mail becomes a burden on the government & gets sold off cheap to more govt cronies who enrich themselves accordingly.
  • Kevin
    It costs a lot to provide the service, they've not been allowed to increase their prices to take this into account, so when they are theres a big jump. Happens with everything in the same situation. '1. The prices raising are to cover the hole in the Royal Mail pension scheme.' Government has just taken that over so that is only true whilst it's not privatised. '2. Together with the VAT channel island loophole closure you can bet all your DVD game etc prices from Play et al will rise a decent amount.' I'm thinking that will take a while because they will not want to do the same as this and annoy people all at once, they'll absorb the increases in cost for a while. Have you already noticed that the release costs for new dvd's and blu-rays has already started creeping up the last few months? '3. You can bet the postage allowance for selling on Play/Amazon marketplace etc won’t rise as quickly.' True, although I don't know what the parcel rates have gone up by which is more relevant surely?
  • bored w.
    FFS how is 60 pence consoderd a rip off considering you can send it to anywhere in the UK with a 93% rate of arriving the next day - try take it yourself see how much that cost.
  • Alexis
    The private sector is just no competition for Royal Mail. If they had brown UPS letter boxes all over the place that were cheaper, we could all use them.
  • Mike H.
    Who the fuck sends letters these days? Stop making people think you are great by sending them a birthday/mothersday card, they know you're a cunt anyway.
  • The m.
    Cunts!
  • Stringer B.
    Yeah! I'm bored of the winging too! I'd be happy to pay £10 for a stamp! And double the TV Licence!
  • Dick
    Will kidnapping a postman help me get reduced prices? Or should I let him go?

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