Cost of first class stamp to rise above £1 for first time, Royal Mail announces

First class stamp 1.10 from April and second class 75p as firm predicts 450m operating loss

The cost of a first class stamp will rise to 1.10 early next month, Royal Mail has announced, breaking the 1 barrier for the first time.

The company said it would increase the price of a first class stamp by 15p from 3 April, a year after it went up by 10p to 95p. The price of a second class stamp is also going up, by 7p to 75p.

The secondary headline on an earlier version of this article gave the incorrect price for second class stamps. This has now been corrected.