Billy Hayes, General Secretary of the Communication Workers Union, has blamed today's stamp price hike on the forthcoming privatisation of the Royal Mail Group. He said:
It's an announcement for business not consumers, with vulnerable and low-income consumers protected by [the] second-class service price constraint. Second class tells you all you need to know. Those people who baulk at the idea of stamp price rises should understand that it comes directly from Government decisions to privatise this industry - just as we've seen massive price increases in train travel under privatisation. Commercial freedoms may be good for the company but it could come at the cost of affordability and access to services for many.
The price of a first class stamp is to rise by 30 per cent to 60p.
There is a bigger picture to today's stamp price rises - creating a Royal Mail that is ripe for sell off.
So can you make a profit by selling stamps on after the price rise?