Treasury denies 1p and 2p coins are to be scrapped

The Treasury has denied that copper coins are to be phased out after it ordered no new 1p and 2p pieces from the Royal Mint this year. "We are not scrapping 1p or 2p coins," a Treasury spokesperson told the BBC. They added that the lack of orders was due to there being enough coins already in circulation. The comments came after multiple reports suggested that the coins might be scrapped as the number of purchases involving cash continued to fall. "We are confident there are enough coins in the system without the need to order more this year," the Treasury said.