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Royal Mail raises first and second class stamp prices

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The price of first and second class stamps has risen by 3p, after Royal Mail apologised for breaking the regulator’s price cap.

As of today, a first class stamp now costs 70p, while the price of a second class stamp has increased to 61p.

The move follows Royal Mail’s decision to break regulator Ofcom’s price cap of 60p for second class stamps, which sought to ensure the postal service remains affordable for consumers. This cap was in place until 1 April.

In late February, Royal Mail issued an apology for breaking the cap and said it would donate the extra revenue, estimated at £60,000, to charity Action for Children.

The price to send a large letter first class will also increase by 5p to £1.06, while second class stamps for large letters will rise by 4p to 83p.