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Correct, and add a quid on for outside of Europe, sometimes more. Signed for to Australia is now £10 for instance.
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When I'm buying from Pete or anyone else from the UK, my rule of thumb is 'signed for' on purchases of around £30 and over, and postal russian roulette on anything under. Have to say tho
Don't know if anyone is interested (recent price increase etc) but I just priced up sending a standard envelope type record mailer with two pieces of card and it is £8.80 to Europe Internationally Signed for. First class £3.50. Makes it expensive for a cheapie now.