Royal Mail to increase first and second class stamp prices

For the first time, the cost of a first class stamp is set to break the £1 barrier and rise to £1.10, early next month.

. Additionally, it stated that the price hike was crucial to maintain the sustainability of its Universal Service agreement, which guarantees nationwide delivery at a uniform rate.

"We need to make these price changes to ensure we can continue to maintain and invest in the one-price-goes-anywhere Universal Service for years to come.”

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