Econ in the News: Royal Mail Stamp Prices
SUMMARY
Royal Mail, a postal service company in the United Kingdom, announced on the date of this
news article (February 27) that its stamp prices are set to rise and be effective on March 30. The
stamps that are affected by this price change include their UK Standard stamps for both 1st and
2nd Class letters and parcels. The graphical representation in the news shows that the stamp prices
have been rising continuously since 2000, and Royal Mail “carefully” thought about the changes
because their customers are already facing high stamp prices plus tough economic situations.
However, criticisms regarding the complexity of costs and their high prices did not stop them
from setting stamp prices higher than it used to be.
DISCUSSION
