All change? Future of 1p and 2p coins in doubt as demand falls

Treasury says copper coins and £50 note are used infrequently in era of digital paymentsThe future of 1p and 2p coins and the £50 note is in doubt after the Treasury said demand was in sharp decline as consumers turn their backs on cash in favour of contactless payments.Launching a review of cash and digital payments alongside the spring statement, the Treasury said it did not make economic sense to produce coins and notes that were used infrequently. Continue reading...