Have We Spent Our Last Penny?
The Treasury are conducting a review on whether the 1p and 2p coins should remain as legal tender within the UK. Given the massive shift in consumer buying habits from the real-world to the digital world over the past 20 years, a change in how we pay for items was perhaps a natural outcome. Electronic forms of payment such as PayPal are now considered the norm rather than the exception and hence the review. With the impact of inflation actually making the 1p coin worth less than half its face value in real terms, perhaps it is time to locate all of that loose change lying down the back of the sofa before it is too late! [Click on image to read full article].