Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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.
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter