A commemorative 50p coin will be released to mark Brexit.
Philip Hammond will announce the release of the coin in today’s budget.
According to The Sun, it will be available from March 29th, the day that Britain officially leaves the European Union.
It is expected to be inscribed with the phrase ‘Friendship With All Nations’, but the official designs have not yet been released. It will also be marked with the date of Brexit.
The commemorative coin has been approved by The Queen, as she is required to sign off any items displaying the image of her head.
A 50p was issued to celebrate the UK’s entry into the European Economic Community in 1973, and another was released in 1998 to mark the 25 year anniversary of the same event.
While the 50p is likely to please Leave supporters keen to promote Britain as a successful country outside of the EU, it has been criticised by pro-Remain politicians.
So they’ve had time to plan this 👇pointless change when almost as soon as we leave the EU this 50p coin will be worth less than before. Might be an idea for the Tories to focus a wee bit more on securing a deal that does not destroy the UK’s economy, rather than this nonsense!👎 https://t.co/2ce2KHe7Qj
— Paul Wheelhouse MSP🏴 (@PaulWheelhouse) October 29, 2018
Government unveils new coin worth 50 pence after Brexit. pic.twitter.com/vtWyPlJXxk
— Wes Streeting MP (@wesstreeting) October 29, 2018
With threats to food supplies, fears of medecine shortages and the potential for tens of thousands of job losses; the UK Government is to launch a new #Brexit 50p coin. This must be what the Tories mean by 'getting on with the day job'. https://t.co/Tr70yeKPvN
— Tom Arthur (@ThomasCArthur) October 28, 2018
.@thomasbrake: The Brexit 50p will be nothing more than a sad and permanent reminder of the long-lasting damage Brexit will do to our economy, credibility and influence in the world. #Budget2018 pic.twitter.com/wvvItF2Wgm
— Liberal Democrats (@LibDems) October 29, 2018
The Royal Mail faced criticism earlier this year after announcing that they have no plans to issue commemorative stamps to mark Brexit.
Boris Johnson led calls for a Brexit stamp. He said: “Leaving the European Union will be a monumental moment in British history, so let’s deliver a commemorative stamp.”
Michael Gove also supported the idea, saying: “Royal Mail marked Britain’s entry into the EU and it’s only right they mark the British people’s choice to leave.
“I’d welcome them commissioning Brexit stamps to celebrate this important moment in history.”
READ MORE FROM YAHOO NEWS UK
First cold snap of autumn sees snow hit UK (but warm weather will return)
Angela Merkel ‘to step down’ as leader of Christian Democratic party after 20 years
Tube ‘pusher’ arrested for attempted murder after man ends up on the tracks
‘No survivors expected’ after Lion Air plane crashes into the sea off Jakarta with 189 people on board
Pictures of the week: balloons, bulls and bridges
The official unveiling of the coin is expected to come during the Chancellor’s Budget this afternoon.
Philip Hammond is expected to loosen the purse strings following Theresa May’s announcement during the Conservative Party conference that austerity is ‘over’.