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Volume 979: debated on Thursday 28 February 1980

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asked the Chancellor of the Exchequer if, in view of the possibility of introducing a £1 coin, he will consider supplementing his counter-inflation policy by rearranging the currency such that there is a new £1 unit equivalent to 10 current pounds, further divided into 20 units known as shillings divided into 12 units known as pennies.

The currency was the subject of a very full inquiry in the context of the change to a decimal system, and further extensive changes are not considered to be necessary at this time.