- Royal Mail is set to increase stamp prices from April 7, with a first-class stamp rising by 10p to £1.80 and a second-class stamp by 4p to 91p.
- This latest hike means first-class stamp prices have more than doubled over the past six years, increasing by 137 per cent through eight separate rises.
- Money expert Martin Lewis has advised households to stock up on stamps now, as those without a price printed on them will remain valid after the increase.
- The price rises come amid growing concerns over Royal Mail's performance, as the postal service admitted it failed to meet delivery targets again last month.
- Royal Mail attributes the increases to rising delivery costs, falling letter volumes, and an increase in the number of addresses, while also pushing for universal service reforms.
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