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This petition was submitted during the 2015 to 2017 Parliament

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Closed Abolish 1p and 2p Coins from circulation and production

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I think that the abolishment of 1p and 2p coins from circulation and
production and the use of a “rounding system” to counteract the removal of 1p and 2p coins could save the UK a substantial amount on a yearly basis, as well as making it easier for consumers and business owners to handle money.

Removal of 1p and 2p coins could save the Royal Mint a sizeable chunk of money, which could then be allocated to more important areas of the government's budget.

A “rounding system” could easily counteract the removal of the coins, which rounds the total value of a purchase (after taxes have been applied) up or down to the nearest five. A system similar to this has already been implemented in Canada and New Zealand, and seems to be a success.

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    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 25 May 2016.