Treasury Confirms No New 1p and 2p Coins for 2024

Officials assure there are enough coins in circulation; concerns rise over impact on seaside economies

The Treasury has not ordered new 1p or 2p coins from the Royal Mint this year, citing sufficient circulation.
Seaside town businesses fear the lack of new coins could harm local economies reliant on amusement arcades.
Approximately 27 billion coins are currently in circulation in the UK, according to Treasury estimates.
The decline in cash usage has prompted discussions on the future of smaller denominations.
No new 2p coins have been minted since 2021, with similar pauses in previous years.