Royal Mail (RMG) First Class Stamp Price Increases to £1.80

AI Summary

Royal Mail (RMG) has raised the price of a first class stamp to £1.80, an increase of 10p, while second class stamps rise by 4p to 91p. This marks the eighth price increase in five years. Currently, only 77% of first class letters are delivered within one working day, against a target of 93%. The price hike comes amid declining letter volumes, increasing delivery costs, and ongoing criticism regarding service performance.