Regulator backs stamp price rise

Updated
1st class stamp
1st class stamp

Second class stamp prices would still be affordable if they increase from the current 36p to as much as 55p, the postal regulator has said.

Stuart McIntosh, Ofcom's group director of competition, told the Business Select Committee that the average family spent less than 50p a week on mail services, so raising the price of second class stamps to a range between 45p and 55p would not suggest the service would be unaffordable.

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