Brexit 50p coin already worth only 20p

author avatar by 5 years ago

The commemorative 50p coin that Philip Hammond is due to announce in today’s budget speech is already worth only 20p, according to economists.

The coin, which will be issued to mark the UK’s departure from the European Union (EU) next year, and will seek to forever remind the British population of that glorious moment it took a metaphorical shotgun to both feet, will look like a normal 50p but will also have a daft platitude inscribed on it.

According to The Sun, the coin will feature the Queen’s head and the date 29 March 2019 and on the reverse the phrase “Friendship with all nations”, which presumably is an intentionally ironic reference to Britain sticking two fingers up at every country it has ever been good friends with over the last twenty years.

Economist Simon Williams explained, “The chancellor has made a shrewd move in choosing the 50p coin as the value with which to make a commemorative Brexit coin, as it can’t drop too much value.

“With a deal with the EU potentially still a possibility, the value of the coin is currently around 20p, but in the event of a no deal situation, the value could drop to 10p, or even lower if we crash out in acrimonious circumstances.

“And Mr Hammond will be thankful that it’s currently valued at 20p, that’s actually quite a ringing endorsement of his government.”

It is understood that the coin will be blue in colour, as that sort of thing seems to please some of the population.

I think, therefore I am (not a Brexit supporter) – get the t-shirt here!