Royal Mail’s plans to increase the price of first class stamps next year have been met with criticism from business leaders.

David Frost, director-general of the British Chambers of Commerce, said Royal Mail’s intention to increase the price of first class post from 39p to 42p is “unacceptable”.

Under the plans, second class stamps are expected to rise by 2p to 32p, while price hikes are also scheduled for parcels and special delivery items.

“It is totally unacceptable to press for price rises at a time when the postal service is embroiled in a huge industrial dispute that has been dragging on for months,” Mr Frost told the Daily Mail.

A spokesperson for the Forum of Private Business added that while the price increase of a few pence may not sound like much, many firms already spend thousands of pounds on postage costs every year.

The Internet Advertising Bureau’s recent biannual report found that direct mail accounted for 11.5 per cent of all expenditure in the marketing industry during the first six months of this year.

Related Topics: Direct Mail