Thursday, March 01, 2012

Royal Mail Fears Anger Over Stamp Prices

Britain's Telegraph reports, "Five million people will be able to buy cut-price stamps to protect them from steep rises in the cost of sending a letter, the head of Royal Mail has disclosed."

Christopher Hope, Senior Political Correspondent, pens, "For the first time, stamp prices will be frozen for some pensioners and benefit claimants to help them with the cost of sending Christmas cards this year. The deal will be limited to a few weeks in December and Royal Mail said customers would be rationed to prevent abuse of the scheme. It is preparing for a public backlash when it announces large rises in the cost of first and second-class stamps."

He goes on to say, "The price of second-class stamps is expected to increase from 36p to as much as 55p in April, and then rise by inflation every year for seven years. The price of a first-class stamp – currently 46p — will no longer be capped by the regulator."

According to the article, "Royal Mail is planning to write to households later this year setting out how the scheme will operate. A spokesman said it would be limited to the five million people who claim pension credits and other employment-related benefits."

For more on this story, click here.

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posted by Don Schilling at 12:01 AM