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21, August 2019

Government to raise money by putting new 50p coins on eBay

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New 50p coins: What recent UK accomplishments do you think we should celebrate?

New 50p coins: What recent UK accomplishments do you think we should celebrate?

In conjunction with the Treasury and the Bank of England, the UK government has a strategy for raising the billions of pounds it could need in the wake of a bad Brexit.

Noting the price of rare 50p coins, the government is to mint small numbers of commemorative 50p coins but not release them. Instead it will sell them for exorbitant sums on eBay which is an approved government supplier.

A Treasury spokesperson said: “It’s a more efficient method than dumping money into the system, so-called quantitative easing, as the Bank of England is fond of doing.

A Bank of England spokesperson said: “It’s the most ridiculous thing we’ve heard. It has no place in sound financial practise, and what’s wrong with dumping money into the system, anyway?”

The Treasury spokesperson said they were planning to issue five different coins commemorating historic moments in recent history. We’ve drawn up a shortlist and we’re going to ask the public to vote on the ones they think most appropriate:

A government spokesperson said: “It solves so many problems at a stroke. Dumping money as Mr Carney likes to do (thank goodness he’s leaving soon) just pushes up inflation.

“We don’t want to raise taxes but this is a sort of tax but only for those…” the spokesperson whispered… “foolish enough to want to buy them.” They then made their excuses and left.

Ref: BBC News Could the 50p in your pocket really make you a fortune?

What other achievement could we celebrate on a 50p coin?
Who would you rather have in your pocket: Boris Johnson or Theresa May?
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