Tag: 1p

Look after the pennies

copper coins
The 2p coin may be a small denomination, but the role it plays in UK society is a big one, argues Sam Spencer. When the Bank of England put its first coin in the jar in 1694, it began Great Britain’s journey to become one of the largest, richest, and most powerful empires in the world. Almost 400 years later,...

Osborne planned 2p removal and a move to a cashless society by 2020

Coinslot - Osborne 2p
George Osborne previously attempted to scrap the 1p and 2p pieces in 2015 in a move towards “modernising” society but the change was blocked by David Cameron.   Former chancellor of the exchequer George Osborne came within weeks of announcing plans to take 1p and 2p pieces out of circulation - in a move that would have meant enormous consequences for...