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News » WAB Debate

Should The Penny Coin Be Abolished?

Thursday May 3 2012

copper 1 and 2p coin copper 1 and 2p coin

Should the UK decide it is time to abolish the 1p coin? Canada has already done so - so has Australia and America is considering doing away with the 'cent' (penny equivalent).

So should the UK do the same and get rid of the brown soap?

National research says a quarter of people would say yes to ditching the copper coin which came in 41 years ago - with many saying they have copper collection jars to save them in. About a third of young people admit to throwing their small change away.

The Federation of Small Businesses (FSB) says it thinks the penny might have had its day

Whether the coin stays or goes will be the ultimate decision of the treasury - who say they will consider the opinion of the general public.

So what do you think? Should the penny coin be abolished? Does it serve a purpose?

Have you say and join in our debate by commenting on the box below.

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10 Showing 10 comments

Reply Posted by Guest on Thursday May 3 2012 at 11:00
What about the 99p shop?

Reply Posted by Sall on Thursday May 3 2012 at 11:03
Of course the penny serves a purpose.  It would mean companies and businesses having to re-price their products to not include pence.  If something is £19.99 and you pay with a £20 note, then you've lost a penny.  OK, it doesn't seem much to begin with, but add it up.  Missing a penny change regularly can add up to a lot of money. 
Basically, I think it's another idea from the government to reduce the deficit, and make life harder for those stuggling.  

Reply Posted by gordon on Thursday May 3 2012 at 11:18
over time the penny mounts up, more money for shops at they would add the penny not take it away.

Reply Posted by Crazyace on Thursday May 3 2012 at 12:26
Abolish the penny and price rises will double! If they can't put things up by a penny they'll have to increase things by 2p where as wages and benefits with still rise by percentages, continuing to make the poor poorer and the rich richer. of course we should not abolish the penny, just bring down prices and return it to it's original value.

Reply Posted by Paulsanderson on Thursday May 3 2012 at 12:35
Nooo what about them machines at blackpool where ya put 1p in and turn the knob and it comes out as blackpool tower lol, just for that reason save the penny!!! Haha

Reply Posted by Michelle on Thursday May 3 2012 at 21:42
I have a copper bottle and the contents are used for my kids spending money when we go on holiday, last year they got £37 each and most of it amounted from pennies, so I say keep them

Reply Posted by john briscoe on Friday May 4 2012 at 07:51
does it matter when people use cash less than ever..most purchases are on a card anyway...coins outlive notes by years...£5 and £10 coin for me....keep the lot

Reply Posted by Owd Sam on Thursday May 10 2012 at 09:14
'Take care of the penny's and the pound's will take care of themselves', wise words and still true.

Reply Posted by Owd Sam on Thursday May 10 2012 at 10:10
The used to say "look after the penny's and the pounds will take care of themselves" so I reckon we should keep it.!!

Reply Posted by Owd Baz on Saturday January 12 2013 at 17:45
How about having a 99p coin as well?