Figures suggest that many customers are bulk-buying before the cost of a first class stamp rises from 46p to 60. Royal Mail say they are bringing in rationing to “protect revenue”, and so it can benefit fully from the rise.
Supplies to retailers have been capped to 20% of their annual allowance before the 30th April deadline, and the news comes after Superdrug were told that they have reached their full quota and will not be provided with anymore.
The Royal Mail claim that the steep price rise, which also sees the cost of second class stamps rise to 50p, is necessary to keep a six day postal service that “has been loss making for some time" going.
Shadow Postal Affairs Minister Ian Murray spoke out against the increases in a Telegraph interview, saying that he will contact regulator Ofcom and investigate “shameless profiteering at the public's expense".
The latest rise in stamp price marks the biggest increase in percentage terms since 1975.