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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 GMT

By: Nadeem_Walayat

Personal_Finance

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

Copyright © 2005-10 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

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.

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