Written question asked by Neil Coyle (Labour) on Monday, 27 January 2020, in the House of Commons. It was due for an answer on Thursday, 30 January 2020 (named day). It was answered by John Glen (Conservative) on Thursday, 30 January 2020 on behalf of the Treasury.
Coinage
- Question
-
To ask the Chancellor of the Exchequer, what estimate he has made of the cost of (a) designing, (b) producing and (c) publicising the 50 pence coins that were due to enter circulation on (i) 29 March 2019 and (ii) 31 October 2019 to mark the UK’s departure from the EU but were subsequently melted down.
- Answer
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The cost of designing all UK coins, including the coin to mark the UK’s departure from the European Union, is met by the Royal Mint out of its own revenues.
No coins were due to enter circulation on 29 March 2019. Approximately 1 million coins were minted in October to mark the UK’s departure from the European Union. The cost of minting these coins is commercially sensitive.
The Treasury announced at Budget 2018 that the Royal Mint would produce a coin to mark the UK departing the European Union, and there were no specific costs associated with this announcement.
Secondary information
- Type
- Written question
- Reference
- 8333
- Session
- 2019-21
- Subjects
- Costs Coinage Festivals and special occasions Brexit
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-11-03 14:35:34 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-20/8333
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