Philip Hammond has suggested that 1p and 2p coins and £50 notes could be scrapped as part of moves to a cashless society. Documents released as part of the Spring statement makes it clear that the Treasury increasingly thinks these coins are pointless.

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Keywords: 1, 1p, 2, 2p, 50, british, cash, change, money, note, pence, pennies, penny, pound, pounds, spring, statement, treasury, £50