UK Chancellor of the Exchequer Philip Hammond to decide on future of 1p and 2p coins

UK Chancellor of the Exchequer Philip Hammond to decide on future of 1p and 2p coins

Chancellor Philip Hammond will this week rule on the future of 1p and 2p coins, a year after he called them “obsolete”.
In his Spring Statement in 2018, a Treasury consultation about the mix of coins in circulation appeared to pave the way for the end of both of them.
A swift reverse by the Prime Minister’s official spokesman declared there were no plans to scrap the copper coins. Continue reading UK Chancellor of the Exchequer Philip Hammond to decide on future of 1p and 2p coins

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