Monday 11th December 2023
Isle of Man Post Office (IOMPO) announces some tariff changes to Isle of Man and UK postal rates with effect from 8th January 2024.
The IOM and UK postal rates for letters, large letters, guaranteed next-day services and ancillary services such as Keepsafe, PO Boxes and ReDirect will be subject to inflationary level rises of 5.75%, reflecting higher fixed costs. All other rates are unchanged. This means the price of a standard IOM/UK letter stamp will rise from 80p to 85p compared to Royal Mail’s first class letter rate of £1.25 in the UK.
Stu Peters MHK, Chairman of Isle of Man Post Office, said: “Price increases are never an easy decision, but like many self-funded businesses, we are seeing ongoing pressures on operating costs which are unavoidable. Mindful that the cost of everything is on the rise for our customers, where practical the Isle of Man Post Office Board have sought to limit postal tariff changes whilst still operating responsibly. The Board are confident that with our high quality service, our prices remain competitive and value for money.”
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