Stamps up 20%

Greebo · 27 Mar 2012 at 11:23

As from today stamps are up 20%! :eek:

ROYAL Mail has increased the price of a first-class stamp by more than 20 per cent today- from 46p to 60p.

The increases, which are due to come into force in April will see the cost of a second class stamp rise from 36p to 50p.

Buy some before April when they go up!

edscdk · 27 Mar 2012 at 11:27

So I should buy £50K of stamps and sit outside a busy london post office selling them at 10% cheaper than the post office?

PapaLazaru · 27 Mar 2012 at 11:29

Ridiculous price hike. How the hell can they justify this?

scorza · 27 Mar 2012 at 11:30

Royal Mail privatisation here we come. It'd look very bad for the wealth creators if they put the prices up after privatisation.

Zefan · 27 Mar 2012 at 11:31

Cool, this means I can pay for my bus fare more easily.

edscdk · 27 Mar 2012 at 11:31

PapaLazaru said:
Ridiculous price hike. How the hell can they justify this?

the top execs need new jets...

20% is a big 1 off hike..

edscdk · 27 Mar 2012 at 11:33

scorza said:
Royal Mail privatisation here we come. It'd look very bad for the wealth creators if they put the prices up after privatisation.

good thinking! Obviously the soon to be buyer has given someone a bung to bump the price now..

Greebo · 27 Mar 2012 at 11:33

edscdk said:
the top execs need new jets...

20% is a big 1 off hike..

2ND class stamps is a 39% hike! :eek:

Trifid · 27 Mar 2012 at 11:35

Is it me, or is that more than 20%? I make it an increase of 30% for 1st and 39% for second class stamps.

Cosimo · 27 Mar 2012 at 11:38

I can see the long queues forming at lunchtime.

spudbynight · 27 Mar 2012 at 11:38

PapaLazaru said:
Ridiculous price hike. How the hell can they justify this?

Royal Mail doesn't receive enough from the price of stamps to cover the cost of delivering mail.

scorza · 27 Mar 2012 at 11:38

edscdk said:
good thinking! Obviously the soon to be buyer has given someone a bung to bump the price now..

Heh, the issue of Royal Mail privatisation cropped up last week when Royal Mail's pension liabilities were shifted from the company to the taxpayer. Privatise the profits, nationalise the liabilities - amazing that people fall for it every time :rolleyes:

scorza · 27 Mar 2012 at 11:41

spudbynight said:
Royal Mail doesn't receive enough from the price of stamps to cover the cost of delivering mail.

Maybe they should stop delivering their competitor's mail for them then?

Greebo · 27 Mar 2012 at 11:41

Trifid said:
Is it me, or is that more than 20%? I make it an increase of 30% for 1st and 39% for second class stamps.

Meh I should have checked it - Daily Fail quoting and they can't do maths

Zefan · 27 Mar 2012 at 11:47

Trifid said:
Is it me, or is that more than 20%? I make it an increase of 30% for 1st and 39% for second class stamps.

Greebo said:
Meh I should have checked it - Daily Fail quoting and they can't do maths

Daily Mail said:
more than 20 per cent

?

Maximum Triceratops · 27 Mar 2012 at 11:49

I hope my yearly bonus reflects this price increase

Dano · 27 Mar 2012 at 11:55

edscdk said:
So I should buy £50K of stamps and sit outside a busy london post office selling them at 10% cheaper than the post office?

Sell them back? I'm sure I read someplace that stamps were once usable as legal currency?

Edit: Seems that it's a myth that persists, couldn't find anything that said they ever were but I did only spend five minutes googling

Greebo · 27 Mar 2012 at 12:00

Zefan said:
?

The fact that the increase is over 30%, you would expect the headline to be "stamps increased by over 30%" and not 20%. Technically they are right, but they could equally have a headline saying "stamps increased by over 10%"

Strange for them not to use 30% in their headline.

GAC · 27 Mar 2012 at 12:01

scorza said:
Maybe they should stop delivering their competitor's mail for them then?

thats been the biggest problem for years and no one will change it.

got talking with a postie about it and he was saying its cheaper for tnt to post something via royal mail than it is royal mail to. as they get some sort of special rate.

talk about a mess.

Hatter The Mad · 27 Mar 2012 at 12:03

GAC said:
to post something via royal mail than it is royal mail to

eh