Adrian Fry on Nostr: In 1980 a First Class stamp cost 12p which equates to about 50p today. The actual ...

In 1980 a First Class stamp cost 12p which equates to about 50p today. The actual cost is now £1.25. Can anyone explain why it now costs more than double?

Whilst it's tempting to assume that privatisation is to blame and that shareholders are the beneficiaries, I wonder whether there are other reasons?

#RoyalMail #FactCheck #FullFact #inflation #privatisation #capitalism

https://www.theguardian.com/news/datablog/2012/mar/27/60p-price-stamp-royal-mail