By Jonathan Davies

Royal Mail has announced plans to cut some of its prices over the Christmas period in a bid to maintain its market share.

Between 20 October and 18 January, all parcels weighing up to 2kg will cost £2.80 second class. Royal Mail has altered its pricing system which means 1kg and 2kg parcels will cost the same amount, meaning some parcels will be £1 cheaper to send.

Royal Mail is also introducing a permanent change to the size dimensions of its "small" parcels. It means that some parcels that would've previously been classed as "medium" will pay cheaper prices. Customers could save as much as £5.20 on parcels which were previously classed as "medium" due to the permanent and Christmas-only changes.

The recently privatised postal service usually delivers around 115 million parcels over the Christmas period, but the changes come as Royal Mail tries to fend off rising challenges from other postal sevices like DHL, TNT and Yodel.

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