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Should I buy stamps before 3 April when Royal Mail may go into administration?

OldDIYer
OldDIYer Posts: 139 Forumite
Part of the Furniture 100 Posts Photogenic

Quote from MSE below, but will the stamps be valid if Royal Mail goes into administration?  Maybe there will be a Govt bailout/takeover?

Standard stamp prices are to rise by up to 16%, Royal Mail has confirmed. From Monday 3 April, the cost of first-class stamps will be hiked to £1.10 (up 15p from 95p), while second-class stamps will increase to 75p (up 7p from 68p).

This means you have until Sunday 2 April to stock up on first or second-class stamps to secure them at their current price to beat the hike. Just ensure you're given new barcoded stamps rather than old-style versions without a barcode

Comments

  • Alter_ego
    Alter_ego Posts: 3,842 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If they go into administration, I guess their stamps will be pretty useless
    I am not a cat (But my friend is)
  • NBLondon
    NBLondon Posts: 5,705 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    International Distributions Services plc isn't likely to go into administration.  They might have an issue with their subsidiary Royal Mail Group Limited but they would need govt approval to put a division into administration (by separating them from the more successful ParcelForce) so I'd say that a govt intervention/bailout would be a foregone conclusion.  
    I need to think of something new here...
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