No plans to scrap 1p and 2p coins, Downing Street says
(The Guardian Money News)

Government rules out idea floated in Treasury paper after media opposition to the moveThe government is not planning to axe 1p and 2p coins, Downing Street has said, after a brief if vehement media campaign against the idea, which had been floated in a Treasury paper released with the spring statement.The Treasury paper published on Tuesday announced a consultation on cash and digital payments, and noted that many consumers no longer regularly used 1p and 2p coins, as well as the £50 note. Continue reading...