Sir Chris Hoy's fifth Olympic gold medal will be celebrated on a Royal Mail stamp.
The Scot and team-mates Philip Hindes and Jason Kenny won the men's team sprint at the velodrome yesterday with a world record time.
Victorious Britons who win the top accolade at London 2012 will be commemorated with a series of special stamps and have a post box painted gold in their home towns to celebrate their wins.
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David Cameron said the measure, which will save £4 million by 2020, showed a commitment to his "all in this together" approach.
The party has dropped its opposition to an in/out referendum on EU membership and now supports a vote, acting leader Harriet Harman said.