Stamp costs to rise on Ofcom plan

Stamp costs could go up dramatically under new plans from the communications watchdog to let Royal Mail set its own prices for almost all deliveries. Ofcom yesterday proposed giving Royal Mail greater power to raise revenue to help keep the UK’s universal postal service going in an increasingly email-driven world. It said Royal Mail should set prices for home, business and bulk deliveries, but second class deliveries should be capped at 45p to 55p, up from the current 36p, to protect the vulnerable.