Small business owners in the United Kingdom are ‘baffled’ about the different changes in the postal rates of the Royal Mail. These changes will take effect today and numerous businesses do not understand why the postal company increased their rates.
Pitney Bowes is the world’s leading mail room equipment company and they too are affected by the postal rate increases. They advise that postal companies use franking machines in order to offset said increases. The Royal Mail decided to maintain the retail prices on their stamps for this year, however, the service rates for businesses are fluctuating and it does not please owners nor does it help in the business’ growth.
The mail rate for first class letters is expected to increase 3p up to 47p per mail, for the second class, the increase is said to be 2p and the item will now cost 33p, and for letters that are large, rates are said to increase 5p for each item.
In an interview, Ofcom stated that the changes will definitely remain affordable for consumers. They concluded through a research immediately after small business owners questioned their decision to change their rates. Parcel services provided by businesses have been rephrased into a simpler range because now there are three categories, the Standard, Tracked and Guaranteed category.
A new 2.5% fuel surcharge is also being introduced by Royal Mail, as of today, for contract parcel products. The company said the move would bring it in line with other parcel delivery companies. Royal Mail today announced that there is a 2.5% surcharge as expenses for products classified as contract parcel. The reason behind this sudden change is that it is the best possible move to be at par with other delivery companies.
When asked for a statement, Royal Mail said that the sudden change of rates is relatively lower when compared to other companies in the UK. This does not come as a surprise because they have repeatedly reiterated that the rates will not deprive anyone of their rights as consumers.