The price of stamps will increase next month, the Royal Mail has confirmed.
From April 3, 2024 the cost of one first class stamp will rise by 15p to £1.10 per stamp. Second class stamps will jump from seven pence to 75p each. Royal Mail said the rise is needed to ensure "one-price-goes-anywhere Universal Service" remains stable.
The changes have been decided after "careful consideration" of different factors, including increasing costs, a 25 per cent drop in letter volumes since the pandemic and an "ever-growing" number of addresses. The price increase will come into force one day before the first round of new stamps with King Charles III portrait is released.
