Coins Debate

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Department: HM Treasury

Lord Sewel

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Child Poverty

Coins

Lord Sewel Excerpts

European Union (Definition of Treaties) (Republic of Korea Free Trade Agreement) Order 2012
Tuesday 24th January 2012

(12 years, 3 months ago)

Lords Chamber
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Lord Sassoon Portrait Lord Sassoon
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My Lords, prepare for what? I have already said that there are no plans to change the £1 coin and I am happy to say that there are no plans to change any of the other denominations of coins. It is all rather hypothetical.

Lord Sewel Portrait Lord Sewel
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My Lords, I shall ask a Grocott-type question, if I may. Has the Treasury done any calculations or estimates of the cost of changing the coinage in the event of Scottish independence? Is this not another example of the folly of the independence line?

Lord Sassoon Portrait Lord Sassoon
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My Lords, I am not aware that any such study has been done.

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