Change we need: David Cameron vetoed plan to scrap 1p piece

All of this would be obsolete by 2020 if Downing Street’s policy unit had its way in 2015.George Osborne came within weeks of announcing plans to take 1p and 2p pieces out of circulation but was stopped by David Cameron who feared the symbolism of the Conservative party scrapping the penny, the Guardian has been told.Osborne believed it would be a “modernising change”, according to insiders, but Cameron ruled that it was too risky for the party.