Best of the Week

UK Royal Mail Postage Stamps to Soar in Price by 14% During 2011, Stock Up Now!

Personal_Finance / Money Saving Dec 24, 2010 - 04:35 AM

The Royal Mail has announced that they intend pushing up the price of postage costs in April 2010 by as much as an eye watering 14%.

First Class stamps will rise by 5p to 46p (12%)

Second Class stamps will rise by 4 to 36p (11%)

Large Envelopes - First Class up 9p to 75p (14%)

Large Envelopes - Second Class up 7p to 58p (14%)

With other services such as Special Delivery rising by 8%.

People can beat the price hike by stocking up on first and second class stamps that do not show the actual penny prices on the stamps i.e. just 1st or 2nd, so that they can be used after the April price hike.

This is yet another evidence of high if not increasingly out of control inflation that makes a mockery of the Bank of England's worthless mantra of temporarily high inflation that was forecast by the Bank to fall to under CPI 1% by 2010 against the expected actual rate of 3.4%. (27th December 2009 UK CPI Inflation Forecast 2010, Imminent and Sustained Spike Above 3%)

UK Inflation August 2010

My interest rate forecast for 2011 is due to be completed over the next few days, ensure you are subscribed to my always FREE newsletter to get this and all in-depth analysis and forecasts in your email in box.

Comments and Source: http://www.marketoracle.co.uk/Article25218.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 24 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

Comments

Post Comment (Moderated)

Subject:

Name:

E-mail address (will not be published):

Comment:

Commenting Issue - If on submitting you are returned to the main Index Page (50% chance) then your comment has not been accepted, Follow below steps for 95% chance of comment being accepted.

Click your browser Back button (from main index page).
COPY your comment text from Comment box (i.e. copy to clipboard).
Press PAGE Refresh - You should see the message "You are not authorized to carry out this operation"
Paste your comment back into the comment text box.
Click Submit - If everything goes okay you will remain on the article page with the message "Your comment was held for moderation and will be reviewed shortly".
If instead you are again returned to the main index page then repeat 1-5, alternatively EMAIL to comments @ marketoracle.co.uk quoting the article number.

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2011 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.