Please find attached a letter from Baroness Neville-Rolfe on the new £1 coin, which is going into circulation today. The current £1 was introduced into circulation over thirty years ago and in recent years have become vulnerable to sophisticated counterfeiters. Approximately one in thirty £1 coins in circulations today is counterfeit, which is obviously a cost to businesses and taxpayers.
If you would like to know more about the new 12-sided £1 coin, you can find more information at https://www.thenewpoundcoin.com/