Thursday, 15 March 2018

Downing Street drops penny-pinching plan, prime minister's spokesman say

Downing Street has backed away from a plan to scrap copper coins.

The prime minister's spokesman said there were "no proposals to scrap 1 or 2p coins".

The Treasury has been consulting on the mix of coins in circulation as card and digital payments gain popularity.

Theresa May's spokesman said: "The consultation's call for evidence was simply intended to help the government better understand the role of cash and digital payments.

"One of the elements was whether the denominational mix of coins meets the public need. From the early reaction it looks as if it does."

BBC     News.