Craig Mackinlay MP’s campaign for a commemorative coin to mark the UK leaving the European Union received the support of Government today after the Chancellor of the Exchequer, Philip Hammond, agreed to a special Brexit 50p coin in the Budget.
After putting the idea to ministers back in April, the Exchequer Secretary to the Treasury, Robert Jenrick, agreed with the South Thanet MP that “there could be an argument for one to commemorate the next chapter in our national story.”
Mr Jenrick passed Craig’s recommendation onto the Secretary of the Royal Mint Advisory Committee on the Design of Coins, Medals, Seals and Decorations (RMAC), Dr Kevin Clancy, who advises the Chancellor on such matters.
The Royal Mint will produce the coin, which will be available in Spring 2019.
Craig Mackinlay MP commented:
“The 50p coin has long been the coin of choice to mark important dates in our history.
“Such coins were produced on our accession to the European Economic Community, the UK's Presidency of the Council of Ministers and the completion of the Single European Market, and even one for the 100th Anniversary of Beatrix Potter.
“The truly vast number of previous commemorative 50p coins cover many landmark events, some quite surprising, and so a coin that marks the UK’s exit from the EU is very appropriate.
“I am grateful to the Exchequer Secretary, Mr Jenrick, for the keen interest he has taken in this matter and to the Chancellor for giving the idea final approval.”