ABC Money
Home

Postage to be based on size, shape, weight from Sept’06

The size, shape and weight of your mail will determine the postage you have to pay from September 2006, according to a new plan by Royal Mail. Regulator Postcomm has shown the green flag to the plan by which the prices on around 30 percent commercial mail and 20 percent of residential mail will be altered. The change is not expected to affect the overall revenue of Royal Mail.

Published :
Thu, 18 Aug 2005 19:05
By : David Simms
Print this Story


AddThis Social Bookmark Button

The size, shape and weight of your mail will determine the postage you have to pay from September 2006, according to a new plan by Royal Mail. Regulator Postcomm has shown the green flag to the plan by which the prices on around 30 percent commercial mail and 20 percent of residential mail will be altered. The change is not expected to affect the overall revenue of Royal Mail.

Accordingly, larger yet lightweight parcels will cost more. The Royal Mail explained that mail which was large or bulky yet lightweight, required more care and consequently more cost (compared to regular-sized mail), in handling, sorting, transporting and delivering. Some heavier items would also be charged less as per the new plan.

E.g. The first class postage for a large letter, in a 25mm thick envelope and weighing 750g, will drop from its current £2.71 to £1.23. In contrast, the postage for a large greetings card that weighs less than 60g will increase from 30p to 42p. Roughly, half the category of mail will cost more than it does now and half will cost less.

Customers will be able to determine the mailing cost by measuring their mail on templates provided at every post office.

Lorna Clarkson, Royal Mail’s director of commercial policy and pricing, said the new plan aims to make pricing reflect the costs of posting more accurately. It will also be fairer to the customers.

Postcomm chairman Nigel Stapleton said the price revision was a necessary development ahead of the liberalisation of the postal services market. In January 2006, the 350-year-old Royal Mail will cease to be a monopoly as the market will be opened up to private organizations.

This revision of pricing was earlier planned for April 2006 but was put back to September 2006.


Share on



Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.