Keep the pennies – they are worth millions of pounds, charities say

Keep the pennies – they are worth millions of pounds, charities say
 

Scrapping 1p and 2p coins would damage smaller charities that rely on traditional bucket collections for the majority of their funding, the sector has warned.
The future of copper coins is in doubt after the Treasury suggested it would consider scrapping them as consumers rely more on contactless payments than cash.
The Charity Finance Group said UK charities collected millions of pounds worth of coppers every year.
“It is a concern,” said Andrew O’Brien, director of policy at CFG. “On the one hand, we don’t want the charity sector to be accused of being luddites.
“On the other hand,... read more

 
14 March 2018 in Business, Views: 49
Source: Guardian
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