§ Mr. Gordon PrenticeTo ask the Secretary of State for Trade and Industry what annual revenue would accrue from a one pence increase in the price of(a)first and (b)second class stamps; if Consignia plans to increase postal charges; and if she will make a statement. [45959]
§ Mr. AlexanderIncreases in the prices of first and second class stamps require the approval of Postcomm. The company estimates that an increase of one pence on both first and second class stamps would generate additional income of £170 million over the financial year.