This week marks the 50th anniversary of the Royal Mint relocating its operation from Tower Hill, London to Llantrisant, Wales. The relocation took place in 1968 in order to accommodate the need for a bigger factory after the Government announced that decimalisation was due to take place. This meant millions of coins would be taken out of circulation and millions more new ones would need to be minted. This week is the 50th anniversary of the Royal Mint moving from Tower Hill in London to Wales The Royal Mint Experience, the visitor centre that opened at the site of the Mint in Llantrisant in 2016, held a number of events over the weekend and on Monday to celebrate the occasion as well as opening a new temporary exhibition, commemorating the big move. To celebrate the 50 years that the Mint has been operational in Wales, This is Money visited the exhibition to discover 50 facts about the Royal Mint that you might not know... RELATED ARTICLES Previous 1 Next I … [Read more...] about 50 facts you didn’t know about how the Royal Mint makes coins
50 cent 2016 coin
The UK is currently a member of the European Union - a partnership of 28 member states from across Europe that are part of a trade and politics agreement. The group was established after the World War Two in a bid to foster trade relationships between nations. Within the EU exists the European Commission, European Parliament, European Council and the EU Court of Justice. In 1999 the EU established a monetary union, the eurozone. A referendum was held in the UK on June 23, 2016, to decide if the UK should remain in the EU. More than 30 million people voted with 51.9 per cent of people voting to leave and 48.1 per cent voting to remain. However some campaigners opposed to Brexi,t and others against the Government's favoured approach, have called for a "people's vote". What is Brexit? The term Brexit was coined during the lead up to the referendum. It has been used ever since as a shorthand term for 'British exit' from the EU. When are we leaving the EU? Prime Minister Theresa May … [Read more...] about When is Brexit? What is Article 50 and could there be a second vote?
Women’s healthcare has long been characterised as underresearched, underfunded, and inadequate. Before smartphones, if a woman wanted to take a fertility test she would have to visit a clinic on the third day of her period. Until just over two years ago, women were often excluded from medical trials, and many products and services have been developed with scarcely any female input. But with the advent of digital healthcare and the “femtech” – female technology – industry, this is rapidly changing. Women make up 51 per cent of the population and working-age women spend 29 per cent more per capita on healthcare than men. Women’s health technology has an estimated market potential of $50bn by 2025. The term “femtech” was coined by the Danish entrepreneur Ida Tin. In her early 30s, Tin was frustrated by the lack of anything other than drugs – namely the contraceptive pill, which has unwanted side effects for many women – to … [Read more...] about ConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlight Femtech: healthcare for 51 per cent of people
It can drive you crazy. Change rolling under the sofa, jingling in your coat pocket or clogging up your wallet. Because of this, many people do something as soon as they get home: open their wallet and take out their change. Germany is still a country which depends on cash. You pay with card in Scandinavian bakeries and English pubs. Some countries have even banned small change from everyday use – in the Netherlands, for instance, purchase prices are rounded to five cents. But coins are still commonplace in Germany. In Germany, small purchases are almost exclusively paid with cash: 96 percent of purchases valuing up to €5 are made with notes and coins, according to a study last year by the Bundesbank - the German Federal Bank. Moreover, people pocketed €107 on average, of which €6 was small change. How many coins people have lying around at home is harder to say. The Bundesbank estimates that about 60 to 70 percent of money that it gives out is now abroad. … [Read more...] about Why Germany has been minted as a coin carrying nation
THE Bank of England is considering plans to scrap the one and two pence coins. It comes after economists claimed that scrapping 1p and 2p coins would not push up inflation. Here’s the latest... Will the 1p and 2p coins be scrapped? The Bank of England issued a blog post on Wednesday August 22, 2018 about their research into a potential scrappage of the coppers. The BoE’s economists say that retiring the coins will have “no significant impact on prices”. It’s not the first time the bank has thought about scrapping copper coins. In March, the BoE sparked national outrage when it called for evidence on cash and digital payments, claiming that most coppers – around 60 per cent – are only used once before they drop out of circulation. However, this was swiftly settled by the government who confirmed there were no plans to get rid of the coins. What did the Bank of England say in their blog? The BoE claims that in today’s age, there are very … [Read more...] about Will 1p and 2p coins be scrapped, what did the Bank of England say and would it affect inflation?