Stamp prices in the UK will go up on April 3 following a compromise over new regulatory pricecontrols for Royal Mail. The price rise will help the British postal operator to reduce its pension
gap but still leaves it requiring further funding.The price of a First Class stamp will rise by 2p to 32p, Second Class stamps will go up by thesame amount to 23p, and rates for business customers will change, as well. Royal Mail hasalso released advance details of Pricing in Proportion which it plans to introduce on August 21this year. Under this scheme, postage rates will reflect not only the weight but also the size ofdocuments. Although some prices will change, many rates are unaffected.
UK postal regulator Postcomm had earlier announced minor changes to its proposed price andservice quality controls for Royal Mail for the period from April 2006-2010. The basic UK stampprice will be allowed to rise to a maximum of 37p in 2010.
