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The value of a £1 coin

Despite Brexit and the pound's deterioration, it is still the proud coin of a self-confident realm

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Sunanda K Datta-Ray
Theresa May has plunged Britain into a mini version of the currency trauma from which India hasn’t yet recovered. Perhaps she wanted to bankrupt her arch-opponent Jeremy Corbyn, suspecting him of stashing away a fortune in the one-pound coins that she has decreed will cease to be legal tender on October 15. Perhaps it’s one of her own senior ministers she’s most wary of.

I first realised change was afoot when the ranks of British Library lockers confronted me with a new locking device. The old locks clicked shut when you slipped in a pound coin, which tinkled back into the
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