Ofcom said Royal Mail could make significant savings - up to £200million - by cutting its delivery days from six to five days a week. Why does Royal Mail want to scrap Saturday post? Royal Mail hiked the price of first class stamps twice last year, blaming cost pressuresLast April, Royal Mail hiked the price of first class stamps from 95p to £1.10, while second class stamps rose by 10 per cent, from 68p to 75p. Royal Mail has blamed the price hikes on increasing cost pressures and its USO, and the regulator seems to support this. In 2022/23, Royal Mail delivered just 73.7 per cent of first-class mail on time, and 90.7 per cent of second-class mail on time.

Source: Daily Mail January 25, 2024 12:25 UTC