Martin Lewis has urged people to "stock up" on Royal Mail stamps ahead of a price increase this week. The price of first-class stamps for standard letters rose by 14% last October from £1.10 to £1.
25. Before in April, it increased again by a further 8% to the current price of £1.35.
Royal Mail first-class stamps will increase in price again on Monday (October 7) by 30p from £1.35 to £1.65.
While first-class stamps for large letters will increase by 50p from £2.10 to £2.60.
Royal Mail’s chief commercial officer, Nick Landon, said: “We always consider price increases very carefully. However, when letter volumes have declined by two-thirds since their peak, the cost of delivering each letter inevitably increases. “A complex and extensive network is needed to get every letter and parcel across the country for a single price – travelling on trucks, planes, ferries and in some cases drones before it reaches its final destination on foot.
We are proud to deliver the universal service, but the financial cost is significant. “The universal service must adapt to reflect changing customer preferences and increasing costs so that we can protect the one-price-goes anywhere service, now and in the future.” Martin Lewis urges people to stock up on Royal Mail stamps before price increase Founder of Money Saving Expert, Martin Lewis, has issued a 'last chance' warning to people across the UK, urging them to go out and bulk buy Royal Mail stamps ahead of the price rise to sa.