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I tried Samsung’s tool that tracks your most costly appliances – it could automatically cut your bills

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I tried Samsung's tool that tracks your most costly appliances - it could automatically cut your bills

AT a time when living costs remain high, finding clever ways to save money has never been more crucial – and a new tool could help us do this.

One thing is for certain – we can’t live without our appliances, be it our fridge freezer, washing machine, or tumble dryer.

The Sun's chief consumer reporter James Flanders visited Samsung's flagship store in London

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The Sun’s chief consumer reporter James Flanders visited Samsung’s flagship store in London

However, depending on how we use them, we could be forking out an arm and a leg.

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And with Ofgem‘s energy price cap rising by 10% from October 1, millions of households on their energy supplier’s standard variable tariff will be stung with a £149 a year bill hike, meaning they need to make extra savings.

Under the new price cap, Which? estimates that a typical household will fork out £127 a year to use their dryer, £110 to run their fridge freezer, and £59 a year to run their washing from next month.

However, to help combat these high costs, electronics giant Samsung upgraded several home appliances to help households cut costs.

Customers who purchase a Samsung fridge, freezer, washer, dryer, or almost any other home appliance now have a new level of control over their energy usage and will be able to see exactly what they’re spending, too.

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It was at the tech giant’s flagship store that I got to test this out for myself.

I discovered that those purchasing one of the brand’s Samsung washing machines – priced between £399 and £899 depending on the model – will be able to control their device from an app, and also see how much it is costing them.

As long as I put my washing in the machine and shut the door, I wouldn’t even need to touch a button.

Instead, like with all Samsung’s latest appliances, I could download the “Smart Things” app and control it from there.

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If I was out all day but didn’t want my washing to start until I get home, I could set this up on the app, as well as the programme, temperature, and spin speed.

Samsung Smart Things is a “smart home” platform that allows users to connect, automate, and manage a wide range of compatible devices through an app.

These smart home devices aren’t exclusive to Samsung.

For example, Philips Hue has been a pioneer in helping those with older homes and traditional wiring transform their lighting into smart systems.

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And Bosch, Miele and Aeg all have their own apps that enable users to control their appliances at the tap of a screen too.

However, what makes Samsung’s new Smart Things setup unique is its ability to track your whole home’s energy usage as well as calculate the cost of running your smart appliances.

How does it work?

Customers with a Samsung Smart Things account can now link it with their smart meter, too.

Once you’ve done this, your home’s energy usage is sent directly to the Smart Things app.

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This means you can track your gas and electricity usage in pounds and pence by the hour, day, week, month and year.

Of course, many households will be aware that you can already do this with your energy supplier’s in-home display.

But if yours is broken, this is a great – and I’ll admit, more intuitive -alternative.

For example, the app can notify you which of your smart devices costs the most to run and even recommend changing your settings to cut your costs.

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Those with Samsung appliances can also toggle a setting dubbed “AI Energy Mode,” which automatically turns their appliance into its most energy-efficient mode without them having to life a finger.

Of course, it’s naive to assume that this is accessible to everyone, as not all of us own Samsung appliances.

The company’s appliances aren’t cheap, and prices range from £399 up to £5,000 for its most expensive smart fridge freezer.

Regardless of this, a new partnership with British Gas could help those with or without Samsung appliances cut their bills this winter.

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How can it help cut my bills?

And one of the great new things Samsung has announced is an industry-first partnership with British Gas to help customers save money on their appliances this winter.

Like many suppliers, British Gas has been rewarding customers for slashing their energy usage during peak times in recent months.

The supplier’s Peak Save scheme gives customers free energy credits for reducing their electricity usage during peak hours.

A separate scheme called Peak Save Sunday offers customers half-price electricity during periods of low demand on weekends.

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While these schemes are free to sign up for, it’s easy to forget to make the necessary adjustments to maximise savings your savings.

British Gas usually emails customers ahead of an event, but if you didn’t notice the timings, like me, you risk forgetting to run your dishwasher at the off-peak time.

However, with Samsung’s latest partnership, customers who connect their British Gas account with the Smart Things app will not only receive notifications before an event but also be able to automate their smart appliances ahead of it.

It means users can ensure their devices operate during optimal times, allowing them to take full advantage of the savings on offer.

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What is Peak Save Sundays?

BRITISH Gas’ Peak Save scheme offers qualifying customers half-price electricity between 11am and 4pm each Sunday.

The scheme first launched in December 2022 but has been extended multiple times since.

British Gas said it has paid over £11million to more than 600,000 customers who have so far taken part in the scheme.

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If you haven’t already, you can sign up for the money-saving scheme on the British Gas website by entering your full name, email address and customer reference number.

Once you’ve signed up, any discounted electricity is credited back to your account after you take part every week.

The credit appears as “PeakSave Credit” on your bill or online statement.

You can only sign up for the scheme if you have a smart meter that sends half-hourly meter readings.

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Again, this is great for those with Samsung appliances but might be of limited use for those without.

At the moment, this partnership is only available to British Gas customers.

However, Samsung has not ruled out partnering with other UK energy suppliers in the future.

If you’re eager to use technology to determine exactly how much your appliances are costing to run, there are still several more affordable gadgets you can use.

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What are the cheaper alternatives?

For example, if your appliances don’t have smart technology fitted inside, you can still track their usage with smart plugs.

These plug into a standard electrical socket and then you plug your appliance into them.

The smart plug connects to your home Wi-Fi network or your mobile via Bluetooth, enabling it to communicate with a corresponding mobile app.

Once connected, the smart plug monitors the energy consumption of the plugged-in appliance in real-time.

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It tracks metrics such as power usage (in watts), energy consumption (in kilowatt-hours), and sometimes even the cost of the electricity used.

You can then remotely control the plug through the mobile app, turning the connected appliance on or off.

Some smart plugs also offer scheduling features, allowing you to automate when devices turn on or off.

Shoppers can buy these plugs from a number of major retailers online and in-store.

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For example, a single Ikea‘s Tretakt smart plug costs just £6.

TP-Link’s Tapo smart plugs can also be picked up on Amazon for as little as £12.99.

We’ve previously reviewed the best smart plugs, so you don’t have to.

This incredible image shows the house of the future – using only smart tech.

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Exact date to spot on ultra-rare 1p worth up to £200,000 at auction

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Exact date to spot on ultra-rare 1p worth up to £200,000 at auction

A RARE 1p has sold for a whopping £200,000 at auction due to its specific date.

A coin specialist has urged the public to look out for the 72-year-old penny as it could be worth 20million times its face value.

A rare 1p has sold for a whopping £200,000 at auction due to its specific date

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A rare 1p has sold for a whopping £200,000 at auction due to its specific dateCredit: tiktok@coincollectingwizard/
A coin specialist has urged the public to look out for the 72-year-old penny

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A coin specialist has urged the public to look out for the 72-year-old pennyCredit: tiktok@coincollectingwizard/

The change fanatic known as CoinCollectingWizard on TikTok recently published a video on the 1952 proof 1p, marked by an image of George VI.

This particular coin is the “rarest proof penny” of its entire series of copper and bronze pennies, and has left collectors absolutely astounded.

The TikTokker began the video by saying: “Jiminy Cricket – £200,000 for this old penny.

“The existence of this unique 1952 proof penny was not known publicly until its initial appearance at Numismatic Auctions in October of 1997, some 45 years after it was struck.

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“The British Numismatic world was astonished to see this coin appear and in proof quality as this was not known to exist.”

He also said that the coin remains an enigma as it is the “only unique proof striking” of a pre-decimal penny of the 20th century.

The expert goes on to say that the 1p is said to be so unique because it bears the face of King George VI – who died in early 1952.

London-based dealer Sovereign Rarities echoes this and states on its website: “It is perhaps understandable that the George VI 1952 Proof Penny remains a unique piece, as the King died very early in 1952 passing away on February 6.

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“Only the smaller denominations of currency coins that were in great demand were struck for circulation in 1952, with the larger denominations omitted in anticipation of a new reign and a new coinage for Queen Elizabeth II.”

Rare 2p coin that could be worth £1,000

According to BullionByPost, proof pennies are the highest quality coin a mint produces.

Issuers like the Royal Mint generally create just a small number of these per year due to the lengthy process required to make them.

Hand-finished dyes and etching by an expert are a huge part of their creation, meaning it takes around an hour to strike 50 proof coins.

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The CoinCollectingWizard added: “A lovely example went up for auction recently and sold for £200,000, so it is 100% a coin to look out for.”

It is worth keeping an eye on your spare change as it could be worth a lot more than you think.

Other rare coins which could be worth more include the One Penny which dates back to 1893, but it’s the production error which makes it a valuable find. 

The ancient coin features Britannia on the back and the reverse of the coin is the usual Queen Victoria bun head, which is a feature on many coins from this era. 

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What makes the coin valuable is an error with the number three in the date at the bottom of the coin. 

Under the number three of the error coin, it looks like there is the start of a number two.

If the coin features this it could be worth up to £600.

What are the most rare and valuable coins?

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How to spot rare coins and banknotes

Rare coins and notes hiding down the back of your sofa could sell for hundreds of pounds.

If you are lucky enough to find a rare £10 note you might be able to sell it for multiple times its face value.

You can spot rare notes by keeping an eye out for the serial numbers.

These numbers can be found on the side with the Monarch’s face, just under the value of £10 in the corner of the note.

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Also if you have a serial number on your note that is quite quirky you could cash in thousands.

For example, one seller bagged £3,600 after spotting a specific serial number relating to the year Jane Austen was born on one of their notes.

You can check if your notes are worth anything on eBay, just tick “completed and sold items” and filter by the highest value.

It will give you an idea of what people are willing to pay for some notes.

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But do bear in mind that yours is only worth what someone else is willing to pay for it.

This is also the case for coins, you can determine how rare your coin is by looking a the latest scarcity index.

The next step is to take a look at what has been recently sold on eBay.

Experts from Change Checker recommend looking at “sold listings” to be sure that the coin has sold for the specified amount rather than just been listed.

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People can list things for any price they like, but it doesn’t mean it will sell for that amount.

We explain further how you can find out if you have a rare coin worth thousands sitting around the house.

How do I safely store valuable coins?

HERE are some tricks to keep your valuable coins safe from toning:

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  • Store your coins in individual containers
  • Put it in a clear, air tight holder that lets you see the coin from both sides
  • Avoid putting them in clear plastic sandwich bags because they can still rub against each other an may cause scratches or marks
  • Store your collection in a folder or album, although tarnishing may occur quicker than in an airtight container
  • Keep them out of a damp environment. You can use silica gel to help prevent damp
  • Wear clean, white gloves when handling the coins
  • Steer clear of using PVC materials as it traps moisture and releases acidic gases which can damage the collection.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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Exact three-letter word to spot that makes your 2p worth 35,000 more – as rare coin sells for £700 at auction

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Exact three-letter word to spot that makes your 2p worth 35,000 more - as rare coin sells for £700 at auction

RARE coins can sell for thousands of times their face value – and it’s always worth seeing if you’ve got any lying about.

One coveted 2p coin garnered the interest of collectors across the world due to its unusual wording and sold for £700 at auction.

The 2p coin was worth £700 thanks to its rare wording

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The 2p coin was worth £700 thanks to its rare wordingCredit: RWS Auctions

Going under the hammer at RWB Auctions on September 25, the copper sold for a whopping 35,000 times its original market value.

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It is easily identified by three words as an error from the UK’s Royal Mint means that the 2p coin reads “new pence” instead of “two pence”.

Collectors say this subtle error was likely produced when an old die was used to strike the coin, and very few of these coins exist.

The handful of these coins can be found in sets produced in collaboration between The Royal Mint and Italian drinks company Martini & Rossi.

They were made as part of a promotional giveaway labelled ‘The Great British 1983 Coin Collection’ on the cover.

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But although thousands of the sets were released, only a small number feature the rare 2p coin.

“It is worth checking old coin collections for this set, particularly if you were born in 1983,” said Jon White, of RWB Auctions.

“Someone may have bought you one as a baby or as a Christening present. If they happened to get hold of a rare one, then you have a very valuable gift on your hands.”

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What are the most rare and valuable coins?

The auction house has previously sold a scarce Lord Kitchener £2 for £1,000 and an unusual Olympics 50p for £1,500.

How to spot rare coins and banknotes

Rare coins and notes are highly desirable among specialist collectors and could make you a mint if you find one.

Some of the most in-demand pieces can sell for hundreds of pounds.

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If you spot an unusual-looking coin in your change, keep hold of it.

Then look up exactly how rare it is. Usually, the rarer it is, the more valuable it is.

You can find out what coins are rare and how they look on The Royal Mint’s website.

You can also determine the coin and how common it is by looking at the scarcity index on specialist coin collector sites.

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How can I check if my error coin is genuine?

RARE and valuable coins can go for a hefty sum – but how do you know if your coin is the result of a genuine minting error?

The best way to find out if you have an error coin is to send it to the Royal Mint museum, which will analyse it and see if it is a result of a genuine minting error or not.

It’ll normally take a couple of weeks to get the results back to you.

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But remember, there’s a difference between a genuine error coin and one that is just imperfect, for example with a design that is not as clear as you’d expect.

And whatever you do, don’t be tempted to splash your cash without evidence from the Mint confirming that it’s a genuine error.

To work out how valuable it might be, take a look at similar coins that have recently sold on eBay or even at auction.

Remember to look at “sold listings” to be sure that the coin has sold for the specified amount rather than just been listed.

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It’s not just coins, rare notes can sell for multiple times their face value.

This includes fivers, rare £10 notes as well as higher denominations.

One of the main distinguishing marks of a rare note is the serial number.

These numbers can be found on the side with the Monarch’s face, just under the value of £10 in the corner of the note.

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Low serial numbers or something quite quirky can see you cash in thousands.

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Martin Lewis warns 900,000 credit card customers have HOURS left to get £150 cash just by doing their grocery shopping

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Martin Lewis warns 900,000 credit card customers have HOURS left to get £150 cash just by doing their grocery shopping

MARTIN Lewis has issued a warning to 900,000 credit card customers who have hours left to bag £150 free cash.

The consumer champion’s MoneySavingExpert is reminding HSBC Visa credit card users, that they can earn the cashback on groceries, fuel and transport over the next three months.

Martin Lewis has issued a warning to 900,000 credit card customers

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Martin Lewis has issued a warning to 900,000 credit card customersCredit: Reuters

But you’ve only got until 11.59pm on September 30 to check if you’re eligible and opt-in.

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The team have described the offer as a “no brainer” if you were planning to make these purchases anyway.

Although, you do have to make sure you pay your card off in full so the interest doesn’t wipe out your cashback earnings.

The MSE team said: “You must be an existing HSBC Visa credit card holder to get this offer, which means those with an HSBC Mastercard credit card won’t qualify.

“You must also have been sent an email from HSBC giving you the option to opt in – if you have an HSBC Visa but didn’t get the email, it could be because you’ve unsubscribed from marketing offers.”

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The offer is only available to people living in England, Scotland and Wales.

So you can’t get it if you live in Northern Ireland or outside of the UK.

HSBC told MSE that around 900,000 people can get the deal, and there’s no minimum period on how long you must have had your credit card to bag it.

The major bank currently has four Visa credit cards: its Balance Transfer Credit Card, Purchase Plus Credit Card, Classic Credit Card, and Student Credit Card.

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Below we reveal how the deal works and how you can get the cash.

Easy Income Boosters Money Making Tips You Need to Know

How the HSBC £150 cashback offer works

Firstly, you need to opt in before 11.59pm on Monday, September 30.

If you’re eligible, you should already have received an email with instructions on how to sign up.

You might also have received a notification through the HSBC app if you’re able to apply.

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It’s important to note that if you fail to opt in you won’t get the cashback, even if you’re eligible for it.

Once opted in, you’ll be able to earn 10% cashback – up to a maximum of £50 a month – on most grocery, fuel and transport spending for three months, amounting to £150 in total.

The offer will last from October 1 to December 31.

MSE says if you’re eligible but miss September’s sign-up deadline to begin earning cashback from October, you should get another chance to sign up for the offer later on.

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However, you only need to opt in once – you won’t need to reapply each month.

To get any cashback, you’ll need to make a certain number of grocery, fuel and transport purchases each month, according to the team.

This will be either three, five, 10 or 15, depending on how much you typically spend – HSBC says it will tell you your personal threshold before you opt in.

MSE said: “Any cashback earned will be calculated at the end of the month and credited to your credit card account on the 15th of the following month.

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“Of course, be mindful that cashback is never an excuse to overspend. And remember to pay off your card in full each month – or before any 0% deal you’re on ends – to avoid paying any interest.”

The team has rounded up several exclusions to the offer to bear in mind:

  • Groceries: Includes online food shopping, corner shops and bakeries, but excluding Amazon Fresh, department stores and takeaways
  • Fuel: Includes fuel purchased at UK service stations, electric vehicle charging and fuel dealers selling oil, wood, coal, etc
  • Transport: Includes most public transport in the UK but none abroad

But don’t worry you’ll be sent a full list of qualifying purchases and exclusions when you opt in to the offer.

Another thing to note is that you won’t get any cashback if you’re over your credit limit or in arrears when the cashback is calculated and you won’t get any cashback for refunded transactions.

Other bank freebies

Nationwide Building Society has launched a new offer of £175 to switch to its FlexDirect, FlexPlus or FlexAccount current accounts.

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In order to get the free money, you must switch through the Current Account Switch Service (CASS).

Banks often offer incentives like free cash to attract new customers

The Co-operative Bank has announced eligible customers could receive up to £150.

The first £75 is given when a customer completes a switch to the bank.

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Then, the bank is offering three monthly instalments of £25 – another £75 – to make up the £150.

Both new and existing customers can apply to switch to a current account to make themselves eligible for the payment.

FirstDirect is currently offering £175 to customers who choose to make the switch.

To be eligible for the bonus you cannot have had any account with First Direct in the past, and you can’t have opened a current account with HSBC since January 2018.

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If this is you, then all you need to do is open the account in app, and switch in an account from a different bank including two direct debits or standing orders within 45 days.

You will also need to pay in £1,000 and make five or more debit card payments within 45 days.

The £175 is paid by the 20th of the following month after you meet the switch bonus criteria.

How do I switch bank accounts?

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SWITCHING bank accounts is a simple process and can usually be done through the Current Account Switch Service (CASS).

Dozens of high street banks and building societies are signed up – there’s a full list on CASS’ website.

Under the switching service, swapping banks should take seven working days.

You don’t have to remember to move direct debits across when moving, as this is done for you.

All you have to do is apply for the new account you want, and the new bank will tell your existing one you’re moving.

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There are a few things you can do before switching though, including choosing your switch date and transferring any old bank statements to your new account.

You should get in touch with your existing bank for any old statements.

When switching current accounts, consider what other perks might come with joining a specific bank or building society.

Some banks offer 0% overdrafts up to a certain limit, and others might offer better rates on savings accounts.

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And some banks offer free travel or mobile phone insurance with their current accounts – but these accounts might come with a monthly fee.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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‘Kids crying now!’ blasts mum after McDonald’s sends email revealing return of popular milkshake flavour by MISTAKE

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'Kids crying now!' blasts mum after McDonald's sends email revealing return of popular milkshake flavour by MISTAKE

AN ANGRY mum has blasted McDonald’s after an email was sent out by mistake telling her a limited edition milkshake flavour was returning.

Emily posted grabs from the correspondence on Facebook yesterday, jokingly adding “kids are crying now”.

A UK McDonald's fast food restaurant

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A UK McDonald’s fast food restaurantCredit: Getty
McDonald's milkshakes

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McDonald’s milkshakesCredit: Alamy
The email sent to Emily by mistake

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The email sent to Emily by mistakeCredit: Facebook
McDonald's were quick to admit their mistake

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McDonald’s were quick to admit their mistakeCredit: Facebook

She was seemingly planning a birthday party for her child at the fast food restaurant and was excited to receive an email from character Grimace.

He informed her his popular blueberry and vanilla-flavoured Grimace Shake would be available despite being discontinued in the UK on September 3.

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It said: “Yoo, Emily – it’s Grimaceeee!!

“I’m gatecraaashing the birthday celebrations to bring youuu my Grimace Shake – so tryy it this week!!!”

READ MORE MCDONALD’S NEWS

The email was signed off with: “Luv from Grimace.”

However, Emily then received a second more generic email from McDonald’s, saying: “Oops! We are sorry to confirm that the Grimace Shake is sadly not back.

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“We apologise for any disappointment caused, and hope to bring it back to the menu at some point in the future.”


Have you suffered a similar company message mishap? Email ryan.merrifield@thesun.co.uk


Other McDonald’s lovers said in the comments to Emily’s post that they also received the “oops” email.

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However, one person provided some hope, saying: “My daughter works for McDonald’s and it is coming, she showed me the promo stuff.”

The Sun was told by a McDonald’s source the Grimace email was, in fact, “sent by mistake and went widely”, with an inquiry launched to understand what happened.

McDonald’s fans divided over new Crocs Happy Meal set to hit US – and customers beg chain to stop giving ‘trendy’ toys

It is unclear if the flavour is returning, however.

The Grimace Shake was first sold in the US from June 11 to July 2023 last year to celebrate the 52nd birthday of the milkshake-loving character from McDonaldland.

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It gained popularity on TikTok and YouTube with the #GrimaceShake trend.

It came to the UK for a brief spell from August 28 to mark the restaurant’s 50 years here.

McDonald’s regularly shakes up its menu to make way for new items.

Earlier this month, the fast food chain shook up its menu to coincide with the launch of McDonald’s monopoly. 

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To participate in the game you must collect stickers that represent train stations or colour-coordinated streets. 

If you are curious about how the game works and what prizes you can win, read our article here. 

To mark the return of its sticker peeling game McDonald’s has brought back a number of fan favourites

These include:

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  • Mozzarella Dippers 
  • Philly Cheese Stack.
  • Chicken Big Mac, 
  • Galaxy Chocolate McFlurry 
  • Twix Chocolate McFlurry
  • Twix Latte 

If you are keen to try any of these new menu items you will need to act quickly as they are set to be pulled from restaurants in about three weeks.

Meanwhile, from next month there will be a twist to the breakfast menu.

From October 16, foodies will be able to bag a five-pack of the mini hashbrowns costing £1.49.

If you’ve still got room for more, a 15-piece sharebox will set customers back £2.99.

While a single regular-size hashbrown costs £1.19.

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Meanwhile, Maccies has teased the return of its McRib.

The company’s website describes Grimace as a “large, purple, rotund being of indeterminate species with short arms and legs”.

It adds: “He was known for his slow witted yet optimistic demeanour.”

He was originally an evil thief, who would steal milkshakes, before becoming benign.

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Grimace is among the most well-known McDonaldland characters alongside Ronald McDonald and Hamburglar.

A McDonald’s source told The Sun: “The email was sent by mistake and went widely.

“We’re working with the team to figure out how this happened.”

We have contacted McDonald’s for comment.

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All you need to know about McDonald’s

HERE’S all the crucial information about McDonald’s you’ve always wanted to know…

The Grimace Shake was introduced in the UK last month for a few days

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The Grimace Shake was introduced in the UK last month for a few daysCredit: McDonalds
Grimace and Ronald McDonald are among the franchise's most recognisable characters

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Grimace and Ronald McDonald are among the franchise’s most recognisable charactersCredit: Getty

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Royal Mail to hike price of first class stamps in DAYS – how to beat the rise

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Royal Mail to hike price of first class stamps in DAYS - how to beat the rise

ROYAL Mail is increasing the price of stamps again in just a few days.

The price of first-class stamps will rise by 30p to £1.65, the second rise in a year, the delivery giant has confirmed.

Royal Mail is increasing the price of stamps again in just a few days

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Royal Mail is increasing the price of stamps again in just a few daysCredit: Image courtesy of The Postal Museum

Royal Mail said the price increase will come into force from October 7.

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It comes after first class stamp prices increased by 10p to £1.35 in April and by 10p to 85p for second class.

The company has frozen the cost of second class stamps at 85p until 2029 in a bid to keep the sending of letters affordable.

Royal Mail says it has tried to keep price increases as low as possible in the face of declining letter volumes, and inflationary pressures.

When announcing the price rise earlier this month, it also cited the costs associated with maintaining the so-called Universal Service Obligation (USO) under which deliveries have to be made six days a week.

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Postal regulator Ofcom declared in early September that Royal Mail could be allowed to axe Saturday deliveries for second class letters as part of an overhaul of the service.

Ofcom, which has been consulting on the future of the universal postal service since January, said it should keep first class deliveries to six days a week.

Under the plans being considered, second class deliveries would not be made on Saturdays and would only be on alternate weekdays, but delivery times would remain unchanged at up to three working days.

Ofcom said no formal decision had been made and it continues to review the changes, with aims to publish a consultation in early 2025 and make a decision in the summer of next year.

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Royal Mail said letter volumes have fallen from 20billion in 2004/5 to around 6.7billion a year in 2023/4, so the average household now receives four letters a week, compared to 14 a decade ago.

eBay Parcel Surprise: Rare Stamps Galore!

The number of addresses Royal Mail must deliver to has risen by 4million in the same period meaning the cost of each delivery continues to rise.

Royal Mail said the universal service needs urgent reform, adding: “The minimum requirements of the universal service haven’t changed for over 20 years despite major changes to how people communicate.

“We have no certainty on regulatory reform and the rate of letter decline and ongoing losses means that Royal Mail has had to take the necessary steps within its power to address the very real and urgent financial sustainability challenge the universal service faces right now.

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Nick Landon, Royal Mail’s chief commercial officer, said it always considers price increases “very carefully”.

However, he said, as letter volumes have declined by two-thirds since their peak, the cost of delivering each letter has inevitably increased.

He added: “A complex and extensive network is needed to get every letter and parcel across the country for a single price – travelling on trucks, planes, ferries and in some cases drones before it reaches its final destination on foot. We are proud to deliver the universal service, but the financial cost is significant.

“The universal service must adapt to reflect changing customer preferences and increasing costs so that we can protect the one-price-goes anywhere service, now and in the future.”

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How are postage prices decided?

Royal Mail typically increases the price of stamps annually and this year the price rose in April.

Normally, it gives customers advance warning of around a month before pushing up prices.

This year the hike was announced in March.

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Royal Mail said it is hiking the price of postage due to the decline in the number of people sending letters.

It blamed rising inflation for the increase too.

It also cited the costs associated with maintaining the so-called Universal Service Obligation (USO) under which deliveries have to be made six days a week.

Other Royal Mail changes

Royal Mail has urged the Government and Ofcom to review its obligations, arguing that it is no longer workable or cost-effective, given the decline in addressed letter post.

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In its submission to Ofcom in April, it proposed ditching Saturday deliveries for second class post and cutting the service to every other weekday.

Lindsey Fussell, Ofcom’s group director for networks and communications, said: “If we decide to propose changes to the universal service next year, we want to make sure we achieve the best outcome for consumers.

“So we’re now looking at whether we can get the universal service back on an even keel in a way that meets people’s needs.

“But this won’t be a free pass for Royal Mail – under any scenario, it must invest in its network, become more efficient and improve its service levels.”

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Royal Mail owner International Distribution Services (IDS), which agreed to a £3.57billion takeover by Czech billionaire Daniel Kretinsky in May, said “change cannot come soon enough” to the UK’s postal service.

Royal Mail also ousted old-style stamps and replaced them with barcoded ones last July.

The business said the move would make letters more secure.

Anyone who still has these old-style stamps and uses them may have to pay a surcharge.

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How prices have changed

Royal Mail previously raised the price of first class stamps from £1.10 to £1.25 last October, before boosting them again in April.

Right now, a first class stamp costs £1.35, which covers the delivery of letters up to 100g.

Historically, the cost of stamps has seen a steady increase over the years, reflecting inflation and operational costs. For example, in 2000, a First Class stamp was priced at 41p.

A second class stamp is priced at 85p and also covers letters up to 100g.

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The stamps can be bought individually if you buy it at a Post Office counter.

Otherwise, you can typically buy them in sets of multiple stamps.

The first class service typically delivers the next working day, including Saturdays, while the second class service usually delivers within 2-3 working days, also including Saturdays.

For larger letters, the cost of a first class stamp is £2.20 for items up to 100g, and a second class stamp for the same weight is £1.55.

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Parcel delivery prices vary based on size and weight, starting from £3.69 for small parcels.

Additional services include the “signed for” option, which requires a signature upon delivery and adds an extra level of security.

The cost for first class signed for is £3.05, and for second class Signed for, it is £2.55.

The “special delivery” service guarantees next-day delivery by 1pm with compensation cover, with prices starting from £7.95.

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Royal Mail periodically reviews and adjusts stamp prices, so it is advisable to check the latest rates on their official website or at your local post office.

How stamp prices have risen over time

The cost of a book of stamps has risen gradually over the past few decades.

First class stamps were worth 60p in the early 2010s and are now priced at £1.35.

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Second class stamps were also worth 50p in the early 2010s but now sell for 85p.

First class stamps cost 95p at one point in 2023, before being hiked to £1.10 last April. They were then raised by 15p to £1.25 last October.

The latest hike on first class stamps to £1.65 in October means they will have risen by a staggering 43% since just last year.

How to beat the hike

Money guru Martin Lewis advised Brits to buy stamps in bulk before the new prices kick in to save a decent chunk of change for all their posting needs.

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He said: “For years, every time stamps go up in price I’ve suggested people stock up and bulk-buy in advance, as provided the stamp doesn’t have a price on it and instead just says the postage class, it’s still valid after the hike.

“So you may as well stock up now, even if it’s just for Christmas cards for the next few Christmases.”

Do bear in mind though, if you stock up on stamps now, be careful to avoid fakes, he said.

Buy from reputable high street outlets and, where possible, hang on to your receipt.

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Stamps are also available directly from the Royal Mail online shop, but you have to spend £50 to get free delivery.

Back in April, Royal Mail paused the £5 penalty for anyone who receives a letter with a fake stamp on it while it takes fresh action against counterfeits.

However, you could still be charged if you use a fake stamp when sending something.

To check whether a stamp is genuine, you can use Royal Mail’s new “fake stamp scanner” on the app.

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Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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Major TV streaming platform to charge up to £60 more if you share your account following Netflix – what you need to know

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Major TV streaming platform to charge up to £60 more if you share your account following Netflix - what you need to know

A MAJOR TV streaming platform has begun charging users £60 extra a year to share their accounts.

Disney+ has followed in the footsteps of streaming giant Netflix and begun charging for password sharing.

Disney+ has followed in the footsteps of streaming giant Netflix and begun charging for password sharing

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Disney+ has followed in the footsteps of streaming giant Netflix and begun charging for password sharingCredit: Getty

If you share your Disney+ account with friends or family who don’t live with you, you’ll now need to pay up to £4.99 a month.

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Over a year that adds up to a whopping £60 extra – on top of the fee you already pay for an account.

The platform will be able to check where you’re accessing it from, automatically setting up a “household” for the account based on the devices you use and where your primary residence is.

If you log in while you’re away from home, you’ll need to verify your account using a one-time passcode sent to your email.

If you do want to share the account with someone else you’ll need to buy a separate “extra member” profile.

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On top of your base price, it’ll cost £3.99 a month if you have a “standard with ads” plan and £4.99 a month if you’ve got a standard or premium plan.

It’s important to note that you won’t be charged automatically if you’re sharing your account right now.

You’ll need to buy the extra profile proactively, although it’s not yet clear if or how Disney+ will enforce the new policy.

For example, it may start locking you out if you’re not the account holder.

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Sun Money has contacted Disney+ and will update this story when we hear back.

Disney plans to shutter TV Everywhere apps as customers notified that free content will ‘no longer be available’

What we do know is that you can only buy one extra member add-on per account.

The extra member will only be able to stream on one device at a time, but will otherwise be able to watch the same content as the main account holder.

If you want to buy the add-on you’ll need to head to your account and set it up in the billing section.

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It comes after Netflix banned viewers who don’t live under the same roof as the primary account holder from streaming content last year.

Under the new rules, Netflix charges users wanting to share an account £4.99 per month, which costs the same as having your own ad-based subscription.

How to save on your Disney+ subscription

If you’re looking for ways to combat the new charge, you can save on your subscription in other ways.

Lloyds Bank’s Club Lloyds account gives you 12 months’ Disney+ standard with ads streaming for free – it’s normally £4.99 a month, £59.88 for a year.

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The account is fee-free as long as you meet the £2,000 a month minimum pay-in – there’s a £3 a month fee if you don’t.

Or, if you have a Tesco Clubcard with enough points, you can use your Clubcard vouchers to get 50% off a three-month Disney+ subscription.

Although, this only works with standard with ads and standard subscriptions.

When you swap your vouchers, you’ll get a code that’s valid until May 1, 2025, so if you’re an existing Disney+ subscriber you can wait till your current plan expires, and then use the code.

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How to cancel your Disney+ subscription

If you’re unhappy with the changes to your subscription you can cancel anytime by following these simple steps.

It’s important to note though that if you cancel, you won’t be able to watch TV shows or any other content through the streaming platform.

You can cancel at any time and there is no fee to leave.

Start by logging into your Disney+ account online.

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Then click the Manage Account button which can be found in the top corner of the screen.

From the plans and billing section, click on your subscription. Then, click cancel subscription and follow the last few steps to confirm.

Do bear in mind, that if you cancel halfway through your billing cycle, you’ll still be able to use the account until your next payment date.

How to save on subscriptions

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MILLIONS of households across the UK are looking for ways to cut back on their spending and easy swaps can make a big difference.

Pay annually rather than monthly

Sometimes it can seem daunting to pay for a whole year’s subscription all at once.

But if you know you’re going to stick with the service, it can save you money to pay in one lump sum.

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Rotate monthly subscriptions

If you have multiple TV and film subscriptions, you could save money by rotating what you pay for each month.

If you’re signed up for everything, you could be forking out a fortune

But each service allows users who pay monthly to cancel their subscription at any point with no fee.

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So if you can plan what you want to watch, you could alternate which service you’re signed up to and save.

If you currently have all four services and switch to picking just one a month you could save hundreds of pounds.

Do your research and compare prices

With so many streaming options, it’s easy to lose track of which film and series are available on each.

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But there’s no point paying for a subscription if it’s not got anything binge-worthy on offer for you.

If there’s a specific programme you want to watch, one tip is to research which platforms have it and choose that one.

If it’s on multiple platforms, check to see which one is cheaper.

Check for bundle deals too – some mobile phone providers offer free extras with contracts.

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For example, Vodafone offers up to 24 months of Amazon prime, Spotify or YouTube Premium with certain pay monthly deals.

Calculate if it’s really worth the money

How often do you actually use your subscription?

If it’s only a few times a month, it might not be worth having them.

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Make the most of free trials

Streaming services often let you try before you commit, and will give you one month for free.

Spotify, Apple Music, Tidal, Amazon Music Unlimited and YouTube Premium all currently give new users a one-month free trial, according to Which?

It’s worth taking advantage of this free period to work out if you’re actually going to use a service enough to justify paying for it.

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Be sure to put the date in your diary that the trial ends so you don’t accidentally end up signing up and paying for a service you don’t want.

Cancel what you don’t use

It’s easy to lose track of ongoing subscriptions, especially if you’re paying out of several different bank accounts.

Apps like Money Dashboard and Snoop give users an overview of all their bank accounts in one place and can help you spot subscriptions you’re not using.

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Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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