One pence and 2 pence coins will remain in circulation a year after the U.K. finance minister had called the coins 'obsolete.'
One pence and 2 pence coins will remain in circulation a year after the U.K. finance minister had called the coins "obsolete."
This means the Royal Mint has to produce even more pennies to replace the ones that have gone out of circulation, about 550 million a year. While the Royal Mint won't reveal how much it costs to make a penny — nor how much the U.K. would save by stopping production, it did say that it costs less than 1 pence to make 1 pence.
It's estimated that 2.2 million people in the U.K. are reliant on cash, with the elderly and those in rural communities the most vulnerable to its declining use.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Review | For years, one reporter investigated allegations against Bill Cosby — even when no one was listeningBook review: For years, one reporter investigated allegations against Bill Cosby — even when no one was listening
Lire la suite »
One of the Chase Sapphire card's most overlooked benefits is also one of its most valuableThe Chase Sapphire Reserve credit card comes with free primary rental car insurance, which is why I always pay for rental cards with my Sapphire.
Lire la suite »
One person fatally shot near UNCC campus just one day after school shootingThe shooting, at an apartment complex that is popular with students reportedly, came one day after a gunman had killed two students in a classroom at UNCC nearby.
Lire la suite »
One Belt, One Road, and a Lot of DebtThere’s scant evidence Beijing is deliberately creating debt traps with its huge infrastructure-lending program. But concerns about corruption, waste and rising debt in emerging markets are valid.
Lire la suite »
Why Non-Runners are Obsessed with These Running ShoesSturdy-soled trail running and performance sneakers by Salomon, Hoka One One and Asics have come into style of late
Lire la suite »
The New Strategies for Raising a BoyOne way to build a stronger connection with your son: Make time to be with him one-on-one doing what he wants, even if that means watching TV or playing videogames
Lire la suite »
Labor union raises concern over Amazon’s move to one-day shippingAmazon.com Inc.’s move toward one-day free shipping may be good news for Prime subscribers, but not necessarily for those who work in Amazon’s warehouses.
Lire la suite »
Exclusive: GAM whistle blower concerns focused on bonds sold by metals tycoonA whistle blower at Swiss asset manager GAM Holding AG who alerted UK financial ...
Lire la suite »
Gold futures slip from a one-week high though downside limited by downbeat stock toneGold futures slip Monday from the roughly one-week high hit in the previous session as stock-market stability, even with futures markets pointing south, cutting demand for the haven metal ahead of a busy week for Federal Reserve policy and key U.S. jobs data.
Lire la suite »
Terror attack on San Diego synagogue leaves at least one dead19-year-old terrorist John Earnest confessed to setting a nearby mosque on fire last month and professed to drawing inspiration from the New Zealand terror attacker.
Lire la suite »