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30% rise in cost of stamps

The price of a first class stamp is to increase from 46p to 60p - an increase of 30%.

Second class stamps will go up from 36p to 50p - a 38% rise.

The changes come into force from April 30.

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CWU: Privatisation to blame for stamp price hike

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.

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