Chancellor Philip Hammond decides to save 1p and 2p coins in a U-turn
I don't mind them, I buy most day-to-day things using cash and take a box of them to the bank now and again. I don't take them out to spend though.
If 1p and 2p coins are scrapped sometime in the future, I bet that would make the price granularity 5p. The excuse shops could use to introducing a 5p granularity would be that some people might want to pay in cash and not card. I doubt a £1.99 supermarket item will go down to £1.95 though.
I suspect Hammond was advised people were seeing it as a further step to cashless society.
I don't mind them, I buy most day-to-day things using cash and take a box of them to the bank now and again. I don't take them out to spend though.
If 1p and 2p coins are scrapped sometime in the future, I bet that would make the price granularity 5p. The excuse shops could use to introducing a 5p granularity would be that some people might want to pay in cash and not card. I doubt a £1.99 supermarket item will go down to £1.95 though.
I suspect Hammond was advised people were seeing it as a further step to cashless society.