Sunday, January 22, 2012

Royal Mail Customers Told to Stock-Pile Stamps

A British consumer watchdog is telling people to start stock-piling stamps now ahead of an expected steep price rise in April according to an article that appears on UK's Telegraph website.

Reporter Christopher Hope writes, "Royal Mail has asked its regulator Ofcom to increase second class stamps by 53 per cent from 36p to 55p - the biggest annual increase since 1975. There would be no limit on the price of a first class stamp, which currently costs 46p. The rises could be pushed through as early as April. "

Hope goes on to say, "The increase would see a book of 12 second class stamps increase from £4.32 to £6.60 over night, as Royal Mail could push through the increase in one go. The price of stamps would then increase every year by inflation, under the proposals."

A spokesman for the Department for Business, Innovation and Skills, which is trying to push through the privatisation of Royal Mail, is quoted as saying, “It is not the Government's role to tell people when to buy stamps.”

To read the entire article, click here.

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posted by Don Schilling at 12:01 AM