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Stamp and postage costs set to rise this month

Stamp costs are set to rise from the end of this month, Royal Mail has announced.

From 30 March the cost of first class and second class stamps will both rise by 1p, to 63p and 54p respectively.

A variety of other postage costs will also change. Sending a large letter will increase by 2p to 95p for first class and by 1p to 74p for second class.

However, a price cut for second-class small parcels that was introduced at Christmas as a temporary promotion will remain in place, and the cost of sending a second class medium parcel will actually drop. From 30 March, second class medium parcels weighing up to 2kg will be priced at £4.89, which Royal Mail said ‘represented a saving of up to £3.11’.

Royal Mail claims that it had thought "carefully" about the change and its impact on customers, and insisted that stamp prices in the UK were among the best value in Europe