26 March 2018
2p, or not 2p: that is the question
The chancellor of the exchequer has announced a consultation on whether or not we should scrap 1p and 2p coins. You can read more about the announcements in the Spring Statement in Paul Winyard’s blog.
As part of a review of digital payments, the chancellor reported that one in twelve 1p and 2p coins are literally thrown in the bin.
Six in ten 1p and 2p pieces end up in a glass jar – of which more in a minute.