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Price of First Class Stamps Due to Rise 

The rise will be introduced on 2 April - less than a month from now.

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Royal Mail has announced a rise in the price of first-class stamps. 

The rise, which will see a single stamp increase by 10p to £1.35, will be introduced on 2 April - less than a month from now.

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Why is the Price Rising?

Royal Mail has announced a rise in the price of first-class stamps. The rise, which will see a single stamp increase by 10p to £1.35, will be introduced on 2 April - less than a month from now.

It marks the fourth cost increase in two years for first-class stamps, and it comes along with a rise in the price of second-class stamps, which will also see an increase of 10p.

The price rises come after Royal Mail issued warnings about the impact of higher costs and lower demand for letters. 

Nick Landon, chief commercial officer at Royal Mail, told the BBC: "We always consider price changes very carefully, but we face a situation where letter volumes have reduced dramatically over recent years while costs have increased."

He added: "As a result of letter volume decline, our posties now have to walk more than three times as far to deliver the same number of letters as before, increasing the delivery costs per letter."

The decrease in letter volume has been an issue for Royal Mail, which made a loss of £419m last year, and the price rises are aimed at improving the profitability of the firm.

 

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Less than a month from now, the cost of a first-class stamp will rise by 10p to £1.35 but, with a franking machine, you can send first-class post for less. So, if you want to grow your business and not your bills this year, you need a new franking machine.

 

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