Future of 1p and 2p coins questioned by Treasury

Future of 1p and 2p coins questioned by Treasury
 

The Treasury could be paving the way for the end of 1p and 2p coins as it seeks views on the future of cash.
It is inviting comments on the mix of coins in circulation as consumers move to non-cash payments such as contactless and digital spending.
Ministers say there are no current plans to scrap them.
But the consultation hints at the growing cost of handling these coins. It also questions the validity of the £50 note.
"From an economic perspective, having large numbers of denominations that are not in demand, saved by the public, or in long-term storage at cash processors rather... read more

 
13 March 2018 in Business, Views: 37
Source: BBC
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