Ofcom capped second-class stamp price at 60p until 1 April, but stamps will cost 61p from 25 March

Royal Mail is to donate £60,000 to charity after it was found by regulator Ofcom to have increased the price of second-class stamps beyond the permitted level of 60p.

The postal service company, privatised via a much-criticised stock market floatation in 2013, said on Friday it would increase the price of a first-class stamp by 3p to 70p and a second-class stamp by 3p to 61p.

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