Postal rates are set to rise again with following an announcement from Royal Mail, detailing increases on first class post by 2p to 62p while second class stamps will rise by 3p to 53p from March 31.
Royal Mail said they had “thought carefully” about the impact of the price hike on their customers and businesses.
Royal Mail’s managing director of consumer and network access Stephen Agar 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.”
Several people took to Twitter to vent their anger at the price hike.
Tweeter ‘miggybaz’ said: “They’re worse than historical highwayman Dick Turpin”.
Twitter user Sara Siddall added: “More price rises from Royal Mail – this is getting ridiculous. Price of 1st Class stamp will increase 2p to 62p.”
Harry Wallop tweeted: “20yrs ago it was 25p RT @larmitstead Royal Mail: On 31 March, the price of a 1st Class Stamp will rise by 2p to 62p”.
A first class stamps for large letter up to 100g will rise by 3p to 93p while a large second class stamp will go up by 4p to 73p.
Royal Mail added their are among the best value in Europe where an average first class letter costs 67p.
Consumer Futures said the three per cent rise in first class post and the five per cent increase in second class post was above the current inflation rate of 1.9 per cent.
The consumer group added that since 2009 prices have increased by 59 per cent for first class and 77 per cent for second class.
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