PLANS to potentially scrap 1p and 2p coins are set to be unveiled this week, it was confirmed last night. Chancellor Philip Hammond will rule on the future of the small denomination coins in the co…
Their source said: "We will confirm the penny coin won't be scrapped."
But according to the Treasury, surveys suggested that six-in-10 1p and 2p coins were only used once before being put in a jar or discarded.Due to inflation, the 1p coin is now worth less than the halfpenny was when it was scrapped in 1984. But there are fears that retailers will jack up prices by rounding up to the nearest 5p if the coins are abolished.HIDDEN KILLER?Cop filmed clowning around on a trampoline while out on a drug bustJOB LOTTStefanie Sherk's cause of death revealed after she passed away at 43Canada, the home of Bank of England governor Mark Carney, are among several countries who have ditched their low denomination coins.Royal Mint release new Beatrix Potter Peter Rabbit 50p coinor call 0207 782 4368.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Future of 1p and 2p coins to be revealedThe results of a consultation into the mix of coins in circulation will be revealed this week.
Read more »
Extinction Rebellion reveals new protest plans for this weekThe group which brought parts of the capital to a standstill last week says it will organise a series of smaller protests.
Read more »
May plans Withdrawal Agreement Bill vote next week following leadership reprieveTory MPs reject changing rules to allow a leadership challenge to avoid 'rocking the boat' ahead of local elections.
Read more »
Microsoft ditches plans to scrap Paint... for nowOne of the tech giant's developers says Paint has been given a stay of execution, and will feature in the next Windows 10 update.
Read more »
Macron reveals plans to scrap elite French schoolMacron (pictured tonight) said he would scrap the Ecole Nationale d'Administration in Strasbourg as he outlined plans to reboot his presidency after months of Yellow Vest protests.
Read more »
Sturgeon outlines new Scottish independence referendum plansFirst minister says she will introduce legislation for fresh vote, saying it must be held by May 2021
Read more »
Parents furious as schools reveal 'ludicrous' plans to shut 45 minutes earlierThe children will finish at 2.45pm instead of 3.30pm and will have shorter lunch breaks and morning breaks, teachers say
Read more »
Dreams are broken as Primark confirms 'there are no plans' for an online stor'The combination of instore design, shopping experience and amazing prices is what makes Primark so attractive.' 👗
Read more »
Standing on long rail journeys to be banned under Virgin Trains plan for airline-style faresStanding on long train journeys will be effectively banned under radical proposals by Virgin Trains to force all long-distance passengers to book a seat before boarding.
Read more »
EU PLOT: Brussels plans HUGE new powers - including IGNORING states on crunch decisionsEUROPEAN Commissioner Gunther Oettinger has floated controversial proposals which would allow the bloc to make far-ranging decisions on foreign policy, even if some member states disagreed, as well as levying taxes on a Europe-wide level.
Read more »
Scottish independence referendum BOMBSHELL: Sturgeon announces plans for vote BEFORE 2021Scottish First Minister Nicola Sturgeon says she would like to see is, \u2018This whole issue going back to the people of the UK as a whole and given the opportunity to decide to stop Brexit and decide to remain in the EU\u2019.
Read more »