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Royal Mail caps stamp supply

Royal Mail caps stamp supply
The Royal Mail has imposed a cap on the number of stamps it will sell to each shop to prevent retailers benefiting from price rises by stockpiling and cashing in on the higher prices.

First class stamps will increase in price from 46p to 60p whilst second class will jump from 36p to 50p as of April 30. The supplies will be capped to 20% of each retailer's annual allocation.

Shadow Post Office Minister Ian Murray said Royal Mail had to meet demand.

"I think the Royal Mail have an obligation to meet the demand from the general public who want to buy stamps before these huge increases."

Green Box: Royal Mail caps stamp supplyClick to open

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On air

Ian Murray: Bad time to raise stamp prices

13/04/2012 on Sky News