- Royal Mail today announced that First Class and Second Class letter stamp prices will remain unchanged for 2013
- The price of a First Class stamp will continue to be 60p. The price of a Second Class stamp will also remain unchanged at 50p. The price of a First Class Large Letter stamp will remain at 90p. The price of a Second Class Large Letter stamp also remains unchanged at 69p
- Royal Mail’s stamp prices are amongst the best value in Europe. In five of the six weight steps for First Class and Second Class mail, the cost of UK stamps is ranked in the bottom half of prices when compared with other European Union countries
Last year, Ofcom’s decision on a new regulatory framework for UK postal services gave Royal Mail greater freedom in the way it sets prices. It put a cap on Second Class stamps for letters of 55p, indexed in line with CPI for seven years. There was no cap for First Class stamp prices. We are pleased that we do not need to draw on this pricing freedom and will therefore not increase our First and Second class stamp prices for letters and Large Letters this year.
The price of a First Class letter stamp will remain unchanged at 60p for 2013. A Second Class letter stamp will remain unchanged at 50p. The price of a First Class Large Letter stamp will remain at 90p and a Second Class Large Letter stamp at 69p.
Royal Mail’s stamp prices are amongst the best value in Europe. In five of the six weight steps for First Class and Second Class mail, the cost of UK stamps is ranked in the bottom half of prices when compared with other European Union countries.
In some cases, the UK stamp price is the cheapest in the European Union. For example, in the 21g to 50g and 51g to 100g weight bands, the 50p price of a Second Class stamp is the lowest of any European Union country. In the 51g to 100g bracket, the 60p price for a First Class stamp is the fifth lowest in Europe.
Changes to Royal Mail’s parcels range
Following a public consultation announced in December, Royal Mail is making changes to its parcels range. The updated parcel services for consumers, and business customers paying with stamps, smartstamp, online postage and franking, are designed to be easier to understand and improve choice.
From Tuesday 2 April, customers will have the ability for the first time to send parcels between 1kg and 20kg using Royal Mail’s Second Class service, with the added option to receive a signature on delivery. We believe the increase in Second Class weight limit to 20kg is a very meaningful addition to customer choice. As a result of this improvement, our Standard Parcel product will be withdrawn. In addition, the number of First Class weight bands for parcels will more than halve, from 15 currently, to seven.
Royal Mail is also introducing two parcel categories – small parcels and medium parcels. Royal Mail has previously priced by weight only. The size of a parcel has a bearing on the cost of collecting, transporting, sorting and delivering an item and this will now be reflected in the price. This will bring Royal Mail in line with other major postal operators, for example, in Germany, France and Italy.