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Martin Lewis urges people to 'stock up' on this £1 item ahead of Christmas

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Money saving expert Martin Lewis has urged people to buy this common £1 item before it faces a price hike next month. While everyday essential items continue to raise in price, Martin Lewis said one item people should "stock up" on over the next few weeks is stamps.

Royal Mail announced big price increases which will be in effect as of October. This will see the standard first class raise from £1.10 to £1.25., a large first class letter size is going from £1.60 to £1.95, a standard second class is remaining the same at 75p and a large second class letter is going from £1.15 to £1.55.

The cost of Royal Mail's 'Signed For' and 'Special Delivery Guaranteed' services will also increase from the same date, as will its Parcelforce 'Worldwide Next Day' and 'Two Day UK' services. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features. Speaking on his BBC podcast, Lewis advised listeners to stock up in the coming weeks however warned them to buy the right type of first class stamp.

The important thing is to avoid any stamps which have the value in money on them - people must instead only buy them if they say ‘first class’ on them. “It’s not good news.," he said. "On October 1 we are seeing yet another rise in the price of stamps.

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