Written question asked by Gregory Campbell (Democratic Unionist Party) on Wednesday, 9 April 2014, in the House of Commons. It was due for an answer on Monday, 28 April 2014 (named day). It was answered by Baroness Morgan of Cotes (Conservative) on Monday, 28 April 2014 on behalf of the Treasury.
Coinage: Forgery
- Question
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To ask the Chancellor of the Exchequer what estimate his Department made of the annual level of fraud involving the existing one pound coin in order to inform the decision to introduce a new style coin.
- Answer
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At Budget the government announced that it will introduce a new and highly secure £1 coin.
According to Royal Mint estimates counterfeiting of the £1 coin has been on an upwards trend for the past decade. The latest data shows an increase in the counterfeiting rate to 3.04%. This data is based on a survey undertaken in November 2013. Further information can be found at:
www.royalmint.com/discover/uk-coins/counterfeit-one-pound-coins
Secondary information
- Type
- Written question
- Reference
- 196039; 579 cc542-3W
- Session
- 2013-14
- Subjects
- Coinage Forgery
- Contains statistics
- Yes
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2014-05-06 16:43:29 +0100
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2014-04-29/14042968001059
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2014-04-29/14042968001059
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2014-04-29/14042968001059