Send a parcel online and save money* We'll even come and collect it from you for FREE**

Buy postage and book a collection at: https://t.co/8sIz0YScSh

* vs over-the-counter, excluding International Economy. ** offer ends 30/04/24 pic.twitter.com/M4Y8vQPHTC

— Royal Mail (@RoyalMail) February 21, 2024

On Friday, Nick Landon, chief commercial officer at the Royal Mail, said: "We always consider price changes very carefully but we face a situation where letter volumes have reduced dramatically over recent years while costs have increased.

“It is no longer sustainable to maintain a network built for 20 billion letters when we are now only delivering seven billion. As a result of letter volume decline, our posties now have to walk more than three times as far to deliver the same number of letters as before, increasing the delivery costs per letter.”

Up-to-date prices for first and second-class stamps can be found on the Royal Mail website.

First-class stamps for letters are currently £1.25 with those wishing to use second-class stamps paying 75p.