![]() From 3 April, first class stamps will increase by 15p to £1.10, while second class stamps will rise by. For large envelopes (flats) up to 15.994 oz, postage prices vary based on weight and destination. There have been proposed price hikes on other kinds of mail - a 1-ounce metered letter will cost 63 cents, up from 60 - and the Post Office is also looking to raise fees for certified mail, money orders and post office boxes. The price of a first class stamp is to rise above £1 in April, Royal Mail has announced. Send 1 oz letters or postcards around the world with one Global Forever ® stamp, which currently costs 1.45 and never expires, even if the postage price goes up. On July 9, first-class stamps are slated to go from 63 to 66 cents, a 4.6% increase. It generally receives no tax dollars for operating expenses and relies on postage, products and services for funding.ĭespite the latest hike, the Post Office called its rates "among the most affordable in the world." How much is the price of stamps going up? The cost of second-class stamps will also increase to 68p, a two-pence hike, and the new prices coming into effect on 4 April. The Post Office has been dragging an annual budget deficit of $10 billion and more than $188 billion in debts and unfunded liabilities, according to the Government Accountability Office. The price of first-class stamps is going to increase by 10p to 95p, Royal Mail announced on Friday. "As operating expenses fueled by inflation continue to rise and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much-needed revenue," the agency said in a statement.
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