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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/royal-mail-posts-stamp-price-hike.jpg"><img class="alignnone size-full" title="The price of a first class stamp is to rise by 5p to 46p in April" src="http://londonglossy.com/wp-content/uploads/2010/12/min-royal-mail-posts-stamp-price-hike.jpg" alt="The price of a first class stamp is to rise by 5p to 46p in April"/></a></p>
<p>The price of a first class stamp is to increase by 5p to 46p and by 4p to 36p for second class next April, the Royal Mail has announced.</p>
<p>The cost of posting a large letter will rise by 9p to 75p for first class and by 7p to 58p for second class mail.</p>
<p>The Royal Mail said stamp prices for letters weighing up to 100g will continue to be among the lowest in Europe even after next April.</p>
<p>The increase will add around 7p to the average household&#8217;s weekly spend of about 60p on postage, said the postal group.</p>
<p>Moya Greene, Royal Mail&#8217;s chief executive, said: &#8220;We have thought carefully about these increases as we are conscious of the difficult economic circumstances our customers are facing. No-one likes to pay more and we regret having had to take these tough decisions on pricing. After these increases, we will continue providing value-for-money as our prices will still be among the lowest in Europe.</p>
<p>&#8220;We are investing heavily to modernise our operations, which is all about providing our customers with the services they need in today&#8217;s open, highly competitive postal marketplace.</p>
<p>&#8220;With the sharp declines in mail volume, our revenues are falling. That means if we don&#8217;t generate more income, we will simply not be able to keep funding our six-days-a-week collection, sorting, transport and delivery operation to the UK&#8217;s 28 million homes and businesses.&#8221;</p>
<p>The Royal Mail pointed out that in the last financial year, it lost £163 million on stamped mail, equivalent to a 6.4p loss on average on every stamped item it handled.</p>
<p>The price of sending a standard parcel up to 2kg in weight will be unchanged but will increase by 8% for heavier items.</p>
<p>Special delivery services will start from £5.45 next April, an increase of 40p, while a charge of £210 a year will be introduced for customers to collect mail from their delivery office after 8.30am. This service, used mainly by business customers, is currently provided free of charge.</p>
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