Most of shops to ignore deadline to stop accepting old £1 coins
Thousands of shops are likely to ignore the Royal Mint’s deadline next Sunday to stop accepting the old £1 coins.
A trade organisation, which represents 170,000 firms, has advised its members to continue taking the coin as the changeover period with the new coins has been so short.
Mike Cherry, the national chairman of the Federation of Small Businesses , said small businesses had embraced the new £1 coin as an invaluable way to reduce counterfeits. Many had modified coin-operated equipment while others have separated out millions of old coins to be melted down.
“But the changeover period has been fairly short,” he said. “While no business is obliged to accept the old coins beyond the deadline, it would help if small firms knew they were allowed a short transition period t...

