First class stamp price to rise above £1

The terms of a archetypal people stamp is to emergence supra £1 successful April, Royal Mail has announced.

From 3 April, archetypal people stamps volition summation by 15p to £1.10p, portion 2nd people stamps volition emergence by 7p to 75p.

Royal Mail said the increases were needed to guarantee the "one-price-goes-anywhere Universal Service remains sustainable".

It added the rises had been taxable to "careful consideration" with missive volumes down 25% since the pandemic.

"We admit that galore businesses and households are facing a challenging economical situation and we are committed to keeping our prices affordable," said Nick Landon, main commercialized serviceman astatine Royal Mail.

"We person to cautiously equilibrium our pricing against a continued diminution successful missive volumes and the expanding costs of delivering letters six days a week to an ever-growing fig of addresses crossed the country."