Britons rush to buy stamps before 16 per cent hike kicks in tomorrow – meaning the cost will have trebled since 2007
- A first-class stamp will rise by 16 per cent from 95p to £1.10 tomorrow
- Meanwhile a second-class stamp will go up by 10 per cent to 75p from 68p
Britons have their last chance to stock up on stamps today before record price increases.
A first-class stamp rises by 16 per cent from 95p to £1.10 tomorrow, meaning their cost has trebled from 34p in 2007, massively outstripping inflation as 34p 16 years ago is worth only 53p today. Second-class stamps go up by 10 per cent to 75p from 68p.
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Post Offices saw even longer queues than normal last week after Money Saving Expert’s Martin Lewis urged Brits to buy first and second-class stamps now as they can still be used after the price hike.
A first-class stamp rises by 16 per cent from 95p to £1.10 tomorrow and second-class stamps go up by 10 per cent to 75p from 68p
The rise will affect older people more, as they typically prefer sending letters to emails.
The tradition of sending Christmas cards will come further under threat – people now face a £60 bill for sending 50 Christmas cards first-class.
The postal service was disrupted by strikes last year, particularly at Christmas.
Negotiations over pay, jobs and conditions are ongoing but Royal Mail has warned the union that fresh strikes will threaten job security.