The recently privatised Royal Mail will be hiking up stamp prices from the 31st of March.

A first-class stamp’s price will go up by 2p, to 62p, and the second-class stamp will see a 3p increase, up to 53p.

See if you can save money on postage here, by hiring or purchasing a franking machine.

Royal Mail increased stamp prices two years ago, whereas last year saw an increase to postage prices, ranging anywhere from a 4% increase to an increase of 109%.

Despite the increase, UK stamps are among the cheapest in Europe, the Royal Mail highlights.

What can you do?

British businesses may however be highly affected by the price increase. By leasing or purchasing a franking machine, your business can make significant savings! We’ve made it easy for you to see how much you could be saving per letter if you switch over to a franking machine!

1st Class UK Letter Large Letter Small Parcel Medium Parcel
Stamps 62p 93p £3.20 £5.65
Franked 50p 76p £2.90 £4.80
Saving 12p 17p 30p 85p

 

2nd Class UK Letter Large Letter Small Parcel Medium Parcel
Stamps 53p 73p £2.80 £5.20
Franked 37p 61p £2.50 £4.40
Saving 16p 12p 30p 80p

 

Royal Mail Signed For™ 1st Class Letter Large Letter Small Parcel Medium Parcel
Stamps £1.72 £2.03 £4.30 £6.75
Franked £1.60 £1.86 £4.00 £5.90
Saving 12p 17p 30p 85p

 

Royal Mail Signed For™ 2nd Class Letter Large Letter Small Parcel Medium Parcel
Stamps £1.63 £1.83 £3.90 £6.35
Franked £1.47 £1.71 £3.60 £5.50
Saving 16p 12p 30p 85p

 

These are just the most common posting options which we have assembled, savings are also made using Royal Mail Special Delivery Guaranteed and posting items abroad!

Compare prices on franking machines to see if you can save money on your postage here! 

 Written by Honey Kohan