Skip to main content

Written question asked by Jim Shannon (Democratic Unionist Party) on Tuesday, 28 November 2023, in the House of Commons. It was due for an answer on Thursday, 30 November 2023. It was answered by Kevin Hollinrake (Conservative) on Monday, 4 December 2023 on behalf of the Department for Business and Trade.


Postage Stamps: Prices

Question

To ask the Secretary of State for Business and Trade, whether her Department has had recent discussions with (a) Ofcom and (b) Royal Mail on increases in the price of postage stamps.

Answer

The Government’s objective continues to be ensuring the provision of a sustainable, accessible and affordable universal postal service.

As a private business, Royal Mail sets the prices for its services and the Government does not have a role in its day-to-day commercial decisions. However, Royal Mail must work within the regulatory framework set by Ofcom, the independent regulator, including the current second-class price cap that prevents second class post rising above inflation ensuring a basic affordable universal service is available to all. Ofcom has consulted on proposals for safeguard caps applicable from April 2024 and will announce its decision in the coming months.


Secondary information

Type
Written question
Reference
4164
Session
2023-24
Subjects
Prices Postage stamps
Link
View this Written question on www.parliament.uk