UK - The Royal Mail is seeking permission to increase the price of stamps in a bid to stem a £330m pension deficit.
The postal group, which is making losses of around £1m a day, has two pension funds valued at £15.6bn in March 2002.
Stock market falls since then have prompted Royal Mail to undertake an interim valuation of the fund which calculated that it would need an extra £330m over the next two years.
First class stamp prices are already set to rise by a penny to 28p in April with second class stamps also due to rise by 1p.
It is understood Royal Mail is now pressing for more increases which would break a three-year price freeze.
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