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<p>The Government does not have a role in Royal Mail's commercial decisions, including
the prices of stamps and other services. In setting its prices, Royal Mail must observe
the regulatory framework set by Ofcom which imposes price controls, 'safeguard caps',
on certain second-class products to ensure a basic universal service is available
to all at affordable prices.</p><p>Ofcom reviewed the safeguard caps in 2023, including
the impact of price rises on consumers and small and medium sized enterprises, and
on 24 January 2024 announced its decision on the retail price caps that would apply
to Royal Mail's universal postal services from 1 April 2024 to 31 March 2027.</p>
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