Don't post your Christmas presents with Royal Mail?
For those who managed to snag some Royal Mail shares, the quick £500 ish profit that could currently be made might mean a jolly Christmas is on the cards. However, if you need to send presents through the post, Royal Mail might not be the best way to spread Christmas cheer.
It can’t have failed to escape notice that Royal Mail’s pricing has been going up, and if you think the price of a first class stamp is eye-watering, you should try posting a parcel. Last year, you could have posted a large 20kg parcel for £21.90- this year the same parcel will cost £27.70, up 26.5%.
But you don’t have to send your parcels by Royal Mail. Research by Parcels to Go in the Telegraph found that the same parcel would cost just £9.80 to send through another carrier, a saving of almost £18. On one present.
However, Royal Mail does seem to be concentrating its efforts on the smaller end of the market, something their postmen and women are probably pleased about. For a smaller 750g parcel, the Royal Mail price is up again on last year- £2.60 instead of £2.20, but this now compares favourably with the £4.20 charged by its nearest competitor.
Royal Mail spokesperson said: "A significant majority of parcels handled by Royal Mail are in the 'small' parcels range. Royal Mail offers the lowest price in the market for small parcels weighing up to 1kg."
"The price change will ensure Royal Mail offers the lowest price in the market for shoebox size parcels of up to 1kg in weight," they finished.
There are a number of comparison engines available that can estimate your postage costs based on the size and weight of your parcel and it can pay to shop around. However, remember that some carriers may require you to take the parcel somewhere for collection first.