Britons rush to buy stamps before 16 per cent hike kicks in tomorrow
Britons rush to buy stamps before 16 per cent increase starts tomorrow – meaning costs will have tripled since 2007
- A first class stamp will rise 16 per cent from 95 pence to £1.10 tomorrow
- Meanwhile, a second-class stamp goes up 10 percent from 68 pence to 75 pence
Britons today have their last chance to stock up on stamps before record prices rise.
A first class stamp rises by 16 per cent from 95p to £1.10 tomorrow, meaning their cost has tripled from 34p in 2007, vastly outpacing inflation, as 34p 16 years ago is worth just 53p today. Second class stamps will increase by 10 percent from 68 pence to 75 pence.
Post offices saw even longer queues than usual last week after Money Saving Expert’s Martin Lewis urged Britons to buy first and second class stamps now as they can still be used after the price hike.
A first class stamp is up 16 per cent from 95 pence to £1.10 tomorrow and second class stamps are up 10 per cent to 75 pence from 68 pence
The increase will affect older people more, as they generally prefer to send letters to e-mail.
The tradition of sending Christmas cards will be further threatened – people are now facing a £60 bill for sending 50 first class Christmas cards.
The postal service was disrupted by strikes last year, particularly around Christmas.
Negotiations on wages, jobs and conditions are underway, but Royal Mail has warned the union that further strikes will jeopardize job security.