Royal Mail has announced another increase in stamp prices, with the cost of a first-class stamp rising by 5p to £1.70 from 7 April. The price of a second-class stamp will also increase by 2p to 87p on the same day.

The latest price hike follows a continued decline in the volume of letters sent in the UK. Royal Mail reports that the number of letters delivered annually has dropped from a peak of 20 billion in 2004-05 to just 6.6 billion last year.

A Pattern of Rising Costs

Despite the decline in mail volume, stamp prices have steadily risen. Since 2022, the cost of a first-class stamp has increased five times, jumping from 85p to £1.65 before the upcoming rise to £1.70.

Royal Mail’s Justification

A spokesperson for Royal Mail defended the price increases, stating:

“This decision was made after careful consideration, balancing affordability for customers with the increasing cost of delivering mail.”

Consumer Impact and Reaction

The price hikes are expected to put further strain on households and businesses that rely on postal services. Consumer groups have expressed concern about the continuous rise in stamp costs, especially as Royal Mail continues to struggle with financial pressures and operational challenges.

While Royal Mail faces calls for reform, the company maintains that higher stamp prices are necessary to offset declining mail volumes and maintain service standards.

The new prices will take effect from 7 April 2025.