Date: Monday 5th December 2022
Isle of Man Post Office (IOMPO) announces some tariff changes with effect from 9th January 2023. Traditionally IOMPO brings price changes into effect in the spring but is instead bringing this forward in response to substantial escalating operating costs.
The price of a standard IOM/UK letter stamp will rise from 73p to 80p. IOMPO believes this still remains a competitive offering and will continue to be cheaper than its UK and Channel Islands counterparts.
* Postage comparison table
| Postal Administration | 2022 UK destined letter rate | 2023 UK destined letter rate |
| Isle of Man Post Office | 73p | 80p |
| Royal Mail – 1st Class | 95p | To be announced |
| Jersey Post | 82p | To be announced |
| Guernsey Post | 79p | To be announced |
Letters, large letters and packets destined for the UK will increase by 10% in line with inflation, and likewise mail bound for Europe and the Rest of the World (world zones 1-3). Please note that with effect from 9th January, Jersey will be classed as an EU destination in terms of postal zones and therefore customs information will be required to be provided by customers posting to Jersey addresses.
International small parcels will be subject to a 12.5% increase which is driven by industry rates. A replacement premium international parcel service will be introduced known as ‘Global Priority.’ This replaces the suspended Parcelforce Global Express service. This enhanced service will offer many benefits to customers by offering online tracking visibility, international delivery from two working days (subject to destination), delivery to a named person, and options for up to £2.5k insurance.
Ancillary services such as Keepsafe, PO Boxes and ReDirect will increase by 10%.
Stu Peters MHK, Chairman of Isle of Man Post Office, said: “Upward pressures on operating costs are anticipated well into the following business year, in particular we forecast substantial fuel cost increases, and anticipate materially higher costs. This means price increases are regrettably inevitable. Living on the Isle of Man has many advantages but for our business it does bring the additional conveyance cost of connecting with logistics partners in the UK to bring mail both to and from the Island, costs which the business cannot afford to absorb entirely.”
He continued: “The Board remains committed to ensuring the quality and sustainability of our services to all our customers and as we continue with our transformation journey, the new tariffs will help to achieve this and protect IOMPO’s proud self-funding status.”
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