Monday, February 26, 2024

Tag: 2p coin

The penny dropped: no plans to scrap 1p and 2p coins, government says

1p penny pennies
Downing Street has poured cold water over plans to ease out 1p and 2p coins, after a public and media outcry against the idea. On Tuesday a Treasury paper suggested a consultation on the future of cash and hinted at taking low-dominion coins out of circulation. Theresa May’s spokesman said: “There are no proposals to scrap 1p or 2p coins...

Penny pinching: Treasury threatens to scrap 1p and 2p coins

1p 2p pennies coins
In a move that could render penny pushers useless across the country, the Treasury could be paving the way for the end of the 1p and 2p coins as it calls into question their usefulness.   It is requesting views on the mix of coins in circulation as consumers move to non-cash payments such as contactless and digital spending. In a...