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2018 rates - UK Price Increases

 
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Gooner
Machin Man


Joined: 25 May 2007
Posts: 1303
Location: England, UK

PostPosted: Tue Feb 20, 2018 1:37 pm    Post subject: 2018 rates - UK Price Increases Reply with quote

Households using Royal Mail’s postal service will see above-inflation stamp price increases from 26 March.

The price of a NORMAL First Class stamp will increase from 65p to 67p, a 3.05% price rise. A NORMAL Second Class stamp will go from 56p to 58p, a 3.57% increase.

The price hikes are also double 2017’s where both stamp prices rose by just 1p.

A LARGE letter First Class stamp meanwhile, will rise by 3p to £1.01 (a 3.06% increase). A LARGE letter Second Class Stamp will rise by 3p to 79p (a 3.9% increase).

In monetary terms, all these increases appear small, but they’re higher than the current rate of Consumer Prices (CPI) inflation at 3%. This will be of most concern to regular postal users and small businesses that rely on Royal Mail to send important documents and packages.

In its explanation of why it is raising stamp prices, Royal Mail states:
“Royal Mail understands that many companies and households are finding it hard in the current economic environment. As a result, we have considered any pricing changes very carefully and in doing so have sought to minimise any impact on our customers.”

The company’s spokesperson adds: “These changes are necessary to help ensure the sustainability of the Universal Postal Service.”

Royal Mail says its stamp prices are among the “best value in Europe” compared to other postal operators.
According to the company’s research, the average price of a First Class stamp in Europe is 94p. For a Second Class stamp, the average is 74p.
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Dave
http://www.stamp-collector.co.uk
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cdj1122
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Joined: 08 Jul 2007
Posts: 969
Location: Houston, Texas pending eye surgery

PostPosted: Mon Mar 19, 2018 4:30 am    Post subject: Reply with quote

And in about 1830, Charles Darwin commented in one of his books that he was fortunate that his father had set up a trust fund giving him 500£ a year. on which he could live quite comfortably as a country gentleman and continue his studies.
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phos45
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Joined: 17 Aug 2007
Posts: 196
Location: canada

PostPosted: Sun Apr 15, 2018 8:03 pm    Post subject: Reply with quote

http://www.bbc.com/news/business-43540974
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cdj1122
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Joined: 08 Jul 2007
Posts: 969
Location: Houston, Texas pending eye surgery

PostPosted: Sat Apr 21, 2018 6:06 pm    Post subject: Reply with quote

Here is something interesting.
Ignore for a moment the difference between
a US Penny and UK Penny in actual value.
About 1989 the US first class rate was 25¢,
and this year it rose to 50¢.
Plot 25¢ at 1989 and 49¢ at 2017 over the lines on he chart..
Notice that the slope is almost the same until
about 2010 when your change turned to a steeper slope.
Did anything curious occur about 2010 or 2009 in Britain ?
After 2012 your slope (Rate of climb) resumed an almost parallel
change except of course First Class in the UK was/is about 15¢
higher. And due to the exchange differences that is actually around
a 20¢ divergence.
We complain a lot about this last 1¢ change here but comparatively we are better off. And if the chart were adjusted to Pnnies per mile using Boston to Los Angeles for 50¢ there would be a much bigger difference.
Also, here the volume of first Class mail, which creates a low cost per item
has significantly decreased in the US.
I also recall that in the early 1950s a first class letter cost 3p UK and in the US the cost became 3¢ in about 1955. I think that that indicates that long term, 1950 to 2020 the rate of change was parallel, a steady 3 monetary units change every 11 years, more or less, for both countries until 2011.
I find that interesting.
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mriisj
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Joined: 20 Oct 2010
Posts: 19
Location: Copenhagen Denmark

PostPosted: Sat May 12, 2018 6:32 pm    Post subject: Reply with quote

Here is something sad;
In Denmark a first class national letter up to 50g cost DKR. 27.00 Which is £ 3.17
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