New £1 coin launches: purchasing power has shrunk to 32p since launch

Gary Adams

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The new £1 coin is out today – its first revision since it was introduced in 1983. At 34 years old, the pound coin is a good case study on the power of inflation, which has become more of an issue for consumers in recent months.

The new £1 coin is out today – its first revision since it was introduced in 1983. At 34 years old, the pound coin is a good case study on the power of inflation, which has become more of an issue for consumers in recent months.

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Source Moneywise http://ift.tt/2o0XEVE