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Wednesday, January 18, 2012

Passing The Buck

The government, in a cost saving measure designed to save around £8M, has instructed the Royal Mint to issue new 5p and 10p coins (which are slightly thicker and made of a cheaper alloy).

However, the cost to the vending machine industry and local councils of updating machines to be able to take the new coins is estimated to be around £80M.

Add in the cost to the public of time wasted fumbling for coins that fit the upgraded machines (old coins won't work), and you have a remarkably unbalanced and inept "saving" measure applied by the government.

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