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Stamps are going up next month.

±«Óãtv Essex's Sonia Watson spoke to stamp collector, Paulomi Debnath.

Nick Landon, Chief Commercial Officer at Royal Mail, said: “We appreciate that many businesses and households are facing a challenging economic environment and we are committed to keeping our prices affordable.

“Letters have declined by 25% compared to pre-pandemic. We have to carefully balance our pricing against a continued decline in letter volumes and the increasing costs of delivering letters six days a week to an ever-growing number of addresses across the country.

“We are seeing a fundamental change in consumer needs with a greater shift in demand from letters to parcels.  It is vital that the Universal Service adapts and stays both relevant and sustainable..  We need to make these price changes to ensure we can continue to maintain and invest in the one-price-goes-anywhere Universal Service for years to come.â€

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Duration:

7 minutes