Brits brand Royal Mail stamp price hikes 'unfair' as cost soars by 76p in five years

More than two-thirds of Brits think price hikes in first-class stamps over the past five years are unfair, a survey has found. And first-class stamp will now cost £1.70 from today (Mon) - more than double the 76p it cost in 2020.

The cost has increased eight times since then, despite Royal Mail failing to meet any annual delivery targets in the same period. One in three people (33%) say they would struggle to afford a book of eight first-class stamps, now priced at £13.60, the poll by Citizens Advice found.

And over one in ten (16%) said they would find it difficult to afford a single first-class stamp after the latest 5p hike.

READ MORE:

READ MORE:

With second-class stamps also rising by 2p to 87p from today, almost a quarter of people (22%) said they would struggle to buy a book of eight, now costing almost £7.

And nine percent say they would find it hard to afford a single second-class stamp.

However, the charity found that a third of those polled (32%) had used a premium product, as opposed to a basic first or second-class stamp, to make sure an important letter or card arrived on time.

Regulator Ofcom is consulting on the Universal Service Obligation (USO) held by Royal Mail, which could see 2nd class letter deliveries reduced from six days a week to alternate weekdays.

Almost a third of people (29%) said they would like Royal Mail to keep delivering 2nd class letters six days a week while 37% said they could accept the reduction to alternate weekdays but only if the company met its delivery targets.

Ofcom is also considering relaxing Royal Mail's annual delivery targets, which would mean 90% of first-class mail would have to be delivered next-day, instead of the current 93% target.

Under the plans, 95% of second-class mail would need to be delivered within three days, instead of the current 98.5%.

Some 86% said they have received an important letter or document in the post in the last six months and half (50%) have sent one.

Previous research by Citizens Advice suggests an estimated 10.7 million people suffered delays to their post over , with 3.4 million of those missing vital letters for health appointments, bills, legal documents and fines.

Tom MacInnes, director of policy at Citizens Advice, said: "Royal Mail's unfair price hikes are making post less affordable, and will hit low-income households and older people the hardest.

"People from these groups are more likely to be digitally excluded and rely on mail.

"These price increases are worsened by the fact people simply can't rely on their first or second-class mail being delivered on time - proven by Royal Mail's failure to meet any annual delivery targets for half a decade.

"Ofcom must act. The regulator is considering slashing deliveries and relaxing targets but these moves must go hand-in-hand with a curb on price increases. Otherwise, Royal Mail has no incentive, as a monopoly provider, to deliver the service consumers deserve."

A Royal Mail spokeswoman said: "UK households on average spend less than £7 a year on stamps, and customers have the choice to post letters second class for just 87p nationwide or pay more if they want a next-day service.

"Royal Mail carefully considers prices and seeks to keep them as low as possible given the increasing cost of delivering mail.

"A complex and extensive network of trucks, planes and 85,000 posties is needed to deliver across the country for a single price.

"Ofcom has recognised that reform is urgently needed to protect the one-price-goes-anywhere universal service which requires Royal Mail to deliver letters to around 32 million UK addresses six days a week."