Stamp Prices Face Fresh Scrutiny as Ofcom Steps in over Royal Mail
Ofcom says the move would keep an affordable option for consumers while Royal Mail works on reforms as letter volumes continue to fall.
- Regulator Ofcom proposed extending the second-class stamp price cap to March 2028, keeping costs flat in real terms while Royal Mail improves delivery services.
- Ofcom policy director Fergal Farragher said the regulator needs a "clearer picture" of recent universal service reforms before determining its long-term pricing approach next year.
- Letter volumes have declined by 70% since their peak while addresses grew by more than four million; Royal Mail noted second-class stamps cost 91p versus an average £2.07 across Europe.
- Royal Mail proposed a discount scheme supporting 10 million low-income customers, though a spokesperson expressed frustration over Ofcom's delay in addressing key universal postal service actions.
- Working constructively with Ofcom, Royal Mail aims to ensure the postal service remains "reliable, affordable and sustainable" while rolling out its new delivery model.
11 Articles
11 Articles
Second‑class stamp price cap extended to 2028
A second‑class stamp will stay at 91p for another year, with the price cap remaining “flat” in real terms until March 2028, Ofcom announced on Tuesday. The regulator said the current cap, introduced in 2024 and linked to inflation, is due to expire in March 2025, but will be extended while Royal Mail works through universal‑service reforms and seeks to lift delivery standards. Ofcom added that the decision comes as the postal service faces a sta…
Price cap on second class stamps to remain for another year
Alan Jones, Press Association Industrial Correspondent A cap on the price of second class stamps is to remain for another year, it has been announced. The regulator Ofcom said the cost of sending a letter second class, currently 91p, will remain “flat” in real terms until March 2028. The current cap – set in 2024, […]
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