THE Royal Mail’s recent announcement that the price of First and Second Class stamps for standard letters is set to rise at the end of April, has been described as regrettable by Monmouth Assembly Member Nick Ramsay.
From April 30th the cost of a First Class stamp for a standard letter will rise from 46p to 60p, while the price of a Second Class stamp will increase from 36p to 50p.
Commenting on the announcement, Nick said: “It is unfortunate that these increases come at a difficult time for many households and small businesses but Ofcom has deemed it a necessary measure in order to safeguard the UK’s universal postal service.
“I understand that since 2006 there has been a 25% decline in postal volumes as customers are moving away from traditional mail to digital technology such as e-mail. Consumer spending on post is very low – approximately 50p per week – and over the last four years, Royal Mail has made a loss on its core mails, including packets, of almost £1 billion.
“Royal Mail is a much cherished institution and none of us want to see more post offices closing. Even after these price increases, the cost of UK stamps will continue to be among the best value in the EU.
“I am pleased that in order to mitigate the impact of the price rise, Royal Mail has announced that this Christmas some of the most vulnerable people in Monmouthshire and other constituencies will be able to buy First and Second Class stamps at current prices. People receiving pension credit or employment support allowance (or incapacity benefit) will be eligible for participation in the Christmas scheme.”