Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Budget 2014: Osborne to unveil new £1 coin

Budget 2014: Osborne to unveil new £1 coin

Chancellor George Osborne is to scrap the current £1 coin and replace it with a model that is reminiscent of the old threepenny bit in today's Budget announcement.

The Financial Times reports that the new 12-sided coin will incorporate anti-forgery features which Osborne, whose role includes Master of the Mint, will claim makes it the most secure coin in circulation in the world.

In the Budget Osborne is set to announce that the replacement coin will be introduced in 2017 and have bimetallic construction. The FT reported that the Queen was showed the prototype of the new coin on a visit to Buckingham Palace on Tuesday night

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter