Today postage prices have risen, how will it effect your business?
A first-class stamp now costs 60p, having risen from 46p, while a second-class stamp costs 50p after going up from 36p. The 30% price rise in first-class stamps, and 39% rise for second-class, mark the biggest annual increase in percentage terms since 1975. This makes the gap between using stamps and using a franking machine a massive 38%.
Smith and Jones a typical company, sending 20 letters a day would benefit from a franking machine as of the 30th April 2012.
Cost of Post Office Stamps per day £11.00
Cost of Franking per day £7.50
Saving per day £3.50
Over the total life (5 years) of the equipment Smith and Jones would save a massive £4550.00
But the changes are less clear-cut when it comes to packets and parcels. In some cases, prices will go up by 71%. Before today, Royal Mail charged for packets according to how much they weighed.
Anything less than 100 grams cost £1.58 and an item between 501-750g was £3.05. But from today, this system has been replaced by a flat rate.
From now on, anything up to 750g will cost £2.70 and that means an increase of 71% for the lightest items.
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