A e-book of first-class stamps will price £10 after Royal Mail raises its costs for the second time in six months.

Royal Mail introduced this week that it could enhance the worth of a first-class stamp from £1.10 to £1.25 from October 2, regardless of it failing to hit its supply targets.

Currently, a e-book of eight stamps prices £8.80, however from subsequent month, it should price £10.

The supply firm mentioned first-class stamps had been rising in worth because it confronted "increasing cost pressures" and a “challenging economic environment”.

Other stamp costs can even rise however second-class stamps will stay on the identical worth at 75p.

It's the second time that costs of standard-letter dimension first-class stamps have been hiked this yr, after they final went up in April.

The enhance signifies that the worth of a first-class stamp is now 30p, or 31 %, increased than it was in March.

For giant letters, first-class stamps will enhance by 35p to £1.95 whereas second-class costs will rise by 40p to £1.55.

First-class stamps elevated by 15p from 95p to £1.10 in March. Meanwhile, second-class stamps rose from 68p to 75p.

The price of Royal Mail's 'Signed For' and 'Special Delivery Guaranteed' providers can even enhance from October 2, as will its Parcelforce 'Worldwide Next Day' and 'Two Day UK' providers.

The firm additionally mentioned costs needed to rise because of the lack of reform of the common service obligation (USO) had contributed to the necessity to hike costs.

The USO forces Royal Mail to ship letters six days per week to all 32 million UK addresses for a similar worth.

Nick Landon, the agency's chief business officer, mentioned: "We understand the economic challenges that many of our customers are currently facing and have considered the price changes very carefully in light of the significant decline in letter volumes.

"Letter volumes have decreased dramatically over current years, down greater than 60 % from their peak in 2004/5 and 30 % for the reason that pandemic.

"It is vital that the universal service adapts to reflect this new reality.”

The price hikes mean people now have until Sunday, October 1 to "inflation-proof" their postage prices by securing stamps at their present costs, to beat the approaching hikes plus any extra in future.

If individuals purchase them at as we speak's costs, they're going to nonetheless have the ability to use them on or after October 2.