Price of first-class stamp to rise by 2p
 Royal Mail increases cost of first- and second-class stamps from 31 March, two years after last price rise The price of a first-class stamp is to increase by 2p to 62p and second-class by 3p to 53p, Royal Mail has announced. The increases will take effect on 31 March, two years after the last increase in stamp prices. The now-privatised Royal Mail said it had thought carefully about the impact on customers and its business before making the decision. Stephen Agar, Royal Mail's managing director of consumer and network access, said: "We understand that nobody likes to pay more, especially in the current economic climate. Our prices remain amongst the best value for money in Europe, and we have the highest service specification of any major European country." Royal Mail said that under the regulatory framework it could have increased second-class stamps to 57p, adding that the average price for a first-class letter is 67p and 60p for second-class. A large-letter first-class stamp up to 100g will rise by 3p to 93p, while a large-letter second-class stamp will go up by 4p to 73p. theguardian.com © 2014 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds |
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