Royal Mail hike first class stamp price by 6p up to 76p as small businesses slam move

ROYAL Mail is mountaineering the worth of stamps — with first-class rising 6p to 76p.

The increase, from March 23, may even see second class go up by 4p to 65p.

The postal big’s announcement yesterday got here simply 11 months after it last increased stamp costs.

It sparked anger from small companies, who say it can hit their businesses.

Royal Mail stated the hikes are “vital” to ensure the sustainability of its common service.

It added it is “operating in a challenging enterprise setting” and is more likely to be loss-making within the subsequent financial yr.

But Mike Cherry, nationwide chair of the Federation of Small Companies, stated: “We ought to be doing all we will to help small companies to develop and succeed.

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“Hikes like this solely forestall that. From subsequent month it’ll be twice as expensive to publish a letter as it was in 2006.”
Shopper specialists are urging individuals to refill on stamps before the worth rise — as they'll nonetheless be legitimate any time after the increase.

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