A Treasury spokesman said: “We will have received more than 1.2bn round pound coins by the time they cease being legal tender. We have worked with industry for over three years to ensure a smooth transition to the new more secure £1 coin.” … [Read more...] about Shops to ignore pound coin deadline
Cabbies, too, were not best pleased. Black-cab driver Ivan Sobell from north London, accepted a new one as payment, only to find it was just too big to fit into his metal coin tube, where he stashes up to 15 coins at a time. “I’ll have to invest in a Smarties tube,” he quipped. … [Read more...] about The new 12-sided £1 coin launches – but you may not be able to use it
Aldi said: “We’ve been ready to accept the new £1 coins since they first came into circulation in March. To make the transition as easy as possible for our customers, we will continue to accept the old £1 coins as payment across our stores until 31 October.” … [Read more...] about Aldi to accept old £1 coin for two weeks after deadline
It emerged in November that there is an “extremely small amount” of tallow, a substance made from animal fat, in the polymer pellets used in the base substrate of the polymer £5 note. Doug Maw, 48, and at the time a hotel worker in Keswick, launched a petition calling for the use of it to be stopped. It has attracted more than 136,000 signatories so far, with support from vegans, vegetarians, Hindus, Sikhs, Jains and others demanding the bank halt the use of animal products in the currency. … [Read more...] about Still got a paper fiver in your wallet? Well you should spend it now!
Services account for almost four-fifths of the UK’s gross domestic product, but similar surveys for manufacturing and construction released last week also showed signs of slower UK growth at a time when other major economies – the US, the eurozone and Japan – have been expanding strongly. … [Read more...] about Retailers and services struggle with squeeze on spending