Royal Mail increases first-class stamp price to £1.35, second-class to 85p from April 2 due to financial losses and lower letter demand.

Royal Mail will increase the price of its first-class stamps to £1.35 and second-class stamps to 85p from April 2. The price hike comes as the company faces financial losses due to lower demand for letters and increasing operational costs. The company's network was built for 20 billion letters, but now only delivers seven billion, leading to increased delivery costs per letter.

March 01, 2024
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