So as some of you may already be aware, as of 2017, a new, and supposedly improved, pound coin is being introduced to our British currency. If I’m brutally honest, I don’t really see the issue with the current one but there we go, that’s the government for you these days! I’m sure the intentions for this are all in the right place but clearly the subtext for the new pound coin design is all about cutting corners? Talk about a blast from the past, it looks more like we’ve moved back to the 1800’s and brought back the threepenny bit.
It’s said to help stamp out the issue of forgeries and counterfeit money which is obviously a massive issue in our society today. It reduces the value of our currency and increases the cost of commodities as there is more ‘money’ flowing through the economy. Baring this in mind, clearly action needs to be taken in order to tackle this problem but if the current pound coin has been studied in enough detail, how are you meant to fit a coin like that in your shopping trolley at Asda? The evolution of coin racing is going to come to a halt as the front runner and guaranteed winner is now not even round!
It is still under discussion as to the finalised design to the the back of this new coin. “Sorry” written in capital letters would be a start – I might even suggest this to Osborne. Imagine having loose change like this stacking up in your purse, it would send you over the edge! When the 2014 Budget announced this new arrival, it was as if April Fools had come early – it’s just horrific.
Maybe it’s George Osborne’s way of distracting the public about the changes that have actually been made to the 2014 Budget, by frantically waving around this edgy new coin, but I’ll save that for another day.
katiemallalieu 