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First-class Stamps To Cost 60p
A first-class stamp will rise in price from 46p to 60p from 30 April after the regulator raised some price controls on Royal Mail. A second-class stamp will rise from 36p to 50p – some 5p below the very best price allowed by Ofcom. The regulator has allowed Royal Mail to set the price of first-class and business mail. It claimed the future of the general service was a “severe risk” without calming controls.
Over the next seven years, the price of second-class stamps will be capped at 55p but this limit could rise with inflation each year. Royal Mail said that the expense of posting Christmas cards in 2012 will be the same as last year for consumers on Pension Credit and Employment and Support Allowance or Incapacity Benefit. They will be able to buy up to three books of 12 stamps – 36 stamps altogether – in a single purchase from any POSTOFFICE branch from 6 November until the last posting times before Christmas.
Individuals must provide evidence they are in receipt of the benefits. Media captionDo people of the public understand how much first-class stamp costs? Ofcom said that changes would have to be made to price limitations, because the future of the UK’s common, six-day-a-week postal service was “at severe risk” as people turned to using text messages, e-mails, and online messaging.
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After assessment, it has confirmed programs to lift some of the price settings – a move lately backed with a committee of MPs. The Commons Business Committee did raise concerns about vulnerable customers, and Ofcom said the cap on the expense of second-class mail was designed to protect this group of people. After the announcement from Ofcom Shortly, April Royal Mail announced how much it will charge for stamps from 30.
Royal Mail’s leader, Moya Greene, informed the BBC that the one-price-whatever-the distance universal service was under threat because the organization’s finances have been “very fragile” for some time. But she said there was “no affordability issue” as stamps cost less than a chocolate bar. Ofcom said that the common household spent around 50p weekly on post, with low-income family members typically spending less. Stuart McIntosh, of Ofcom. Year Royal Mail delivered 16 billion letters to around 28 million addresses last.
However, since 2006, there’s been a 25% decline in postal quantities with further falls expected. Ofcom, which took over legislation of the industry from Postcomm, said that Royal Mail might not be able to keep up with current standards without regulatory changes. The regulator demands that Royal Mail targets an archive of delivering 93% of first-class mail by the very next day and 98.5% of second-class mail must occur within three times of publishing.
But this service comes at a price, and its service provider, Royal Mail, needs to be practical financially. With 84% of small companies dependent on Royal Mail, it is welcome news that they will receive discounts on some products. No 10 rejects EU’s view of Brexit talks The UK says Brussels must “change its position” after suggestions talks are back again to square one. Has US neglected fight against white extremism? Video Could Brexit change the taste of whisky? N. The BBC is not responsible for this content of external sites. Read about our method of exterior linking.
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